Svmuu News: The U.S. Commodity Futures Trading Commission (CFTC) stated on February 25 that it possesses “full enforcement authority” over illegal trading activities in prediction markets. This follows the prediction market platform Kalshi reporting two instances of insider trading to the CFTC and freezing the accounts of the traders involved. Concerns regarding insider trading in prediction markets have been mounting recently. A senior official at the U.S. Department of Justice identified prediction markets as a target for enforcement this month, and state gambling regulators are also seeking to regulate such markets. The CFTC stated in a court filing last week that it has exclusive jurisdiction over prediction markets, further intensifying jurisdictional disputes with state authorities. Under current regulations, companies registered with the CFTC (such as Kalshi) are generally obligated to assist in monitoring violations within their markets and report them to the agency. (Reuters)