CFTC

The U.S. Financial Crimes Enforcement Network (FinCEN) on Monday imposed a $125-million monetary penalty on UBS Financial Services (UBSFS) for willful violations of the Bank Secrecy Act, concluding that the brokerage repeated monitoring failures it had promised to fix under a 2018 settlement. 

Federal authorities are investigating whether former U.S. Representative George Santos engaged in insider trading by wagering on a prediction market about his own attendance at President Donald Trump’s State of the Union address in February.

The U.S. Commodity Futures Trading Commission is moving to vacate a $5 million enforcement settlement reached with cryptocurrency exchange Gemini under the Biden administration, following a lobbying campaign by founders Tyler and Cameron Winklevoss.

The U.S. Commodity Futures Trading Commission is investigating a surge of more than $800 million in oil futures trades that occurred moments before President Trump announced on social media that he was postponing strikes on Tehran’s energy infrastructure.

New York Attorney General Letitia James sued crypto exchanges Coinbase and Gemini on Tuesday, accusing them of operating prediction markets that violate state gambling laws.

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.

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.