Democrats warn officials against insider prediction market bets

Congressional Democrats are urging federal officials to issue stern warnings against government employees engaging in insider trading on prediction markets. They have formally requested that the Commodity Futures Trading Commission (CFTC) and the federal ethics office remind all personnel that making trades based on non-public information within these markets is illegal. This action highlights concerns about potential conflicts of interest and the misuse of sensitive government information for personal financial gain, emphasizing the need for strict ethical guidelines and enforcement within federal agencies.