CFTC Slaps Former White House Staffer with $172K Fine Over Event Contract Insider Trading
The Commodity Futures Trading Commission (CFTC) has fined Gabriel Perez $172,000 for alleged insider trading in event contracts.
The case involved trading connected to non-public information around event market outcomes, highlighting the regulator's increasing scrutiny of prediction markets and event contracts.
The CFTC's action signals a closer look at these markets, which have become increasingly popular among blockchain-adjacent traders.