Federal Court in District of Columbia Orders “Prediction Market” Companies to Pay $3 Million Civil Monetary Penalty for Illegally Trading Binary Options and Violating a 2005 CFTC Cease and Desist Order Other enforcement

CFTC release 7758-18 · 2018-07-19 · view on cftc.gov ↗

Key facts

Release number: 7758-18
Release date: 2018-07-19
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7758-18

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.