New Polymarket Bets Again Raise Questions of Insider Knowledge
Three Polymarket accounts made about $611,000 betting on a U.S.-Iran ceasefire before President Donald Trump’s conditional ceasefire announcement, according to a Decrypt report citing blockchain analytics firm Bubblemaps, in trades that renewed scrutiny of possible insider activity on prediction markets.
CFTC Sues 3 U.S. States in Fight over Prediction Markets Oversight
The Commodity Futures Trading Commission sued Arizona, Illinois, and Connecticut on Thursday, escalating the Trump administration’s defense of prediction markets and arguing that the federal agency has exclusive authority over contracts offered by platforms such as Kalshi.
CFTC To Focus on Prediction Markets, Willful AML Violations
The U.S. Commodity Futures Trading Commission (CFTC) will prioritize enforcement against insider trading in prediction markets, manipulation in energy markets, spoofing, retail fraud, and willful violations of anti-money-laundering (AML) laws, the agency’s new enforcement director said Tuesday.
Bipartisan Senate Bill Would Bar Sports Bets on Prediction Markets
Two U.S. senators are set to introduce bipartisan legislation that would prohibit Commodity Futures Trading Commission-regulated prediction-market platforms from offering contracts tied to sporting events.
Crime Group Used Macau Casinos to Launder Billions: Taiwan Prosecutors
Prosecutors in Taiwan have indicted 10 people accused of operating a cross-border money laundering network that used Macau casinos and credit cards to launder more than $1 billion in funds.
Ex-Star CEO Faces Millions in Fines for AML Lapses
Star Entertainment’s ex-chief executive Matthias Bekier and former in-house lawyer Paula Martin breached their directors’ duties during the casino operator’s “Chinese money-laundering era”, the Australian Federal Court found.
Thai Military Uncovers Trove of Evidence on Cambodian Scam Compound
The Thai military said it has recovered extensive evidence of transnational online fraud from a Cambodian “scam compound” seized during border clashes last year, including target lists, scam scripts, and equipment used to disguise operations, Reuters said.
Mexico Freezes Funds of Miss Universe Co-Owner in Organized-Crime Probe
Mexico’s anti-money laundering unit has frozen the bank accounts of Raúl Rocha Cantú, the Mexican co-owner of the Miss Universe Organization, as authorities investigate alleged links to drug, fuel and arms trafficking, the Associated Press reported.
Ex-Citi Banker Jailed in Singapore for Laundering Funds Linked to Chinese Syndicate
A former Citibank relationship manager has pleaded guilty and been sentenced to two years in jail for helping a Chinese criminal network launder money in Singapore, the Financial Times reported.
FCA to Take Over AML Supervision for UK Professional Bodies
The Financial Conduct Authority (FCA) will serve as the sole anti-money laundering (AML) and counterterrorist-financing (CTF) supervisor for the UK’s legal, accountancy and trust and company service provider sectors.