CFTC Charges “Prediction Market” Proprietor Banc de Binary with Violating the CFTC’s Off-Exchange Options Trading Ban and Operating as an Unregistered Futures Commission Merchant Other enforcement

CFTC release 6602-13 · 2013-06-07 · view on cftc.gov ↗

Key facts

Release number: 6602-13
Release date: 2013-06-07
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6602-13

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.