# 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

> CFTC release 7758-18 · 2018-07-19 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7758-18, "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", 2018-07-19. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/7758-18.

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