CFTC officials who questioned prediction markets were suspended NYT

Image for article CFTC officials who questioned prediction markets were suspended NYT
News Source : Cointelegraph

News Summary

  • The officials had flagged concerns about Polymarket, Crypto.com and a Gemini affiliate, each with alleged business ties to President Donald Trump's family.
  • The report claimed that the CFTC has significantly pulled back on crypto enforcement.
  • The agency dropped at least five crypto investigations and went from filing more than 80 crypto enforcement actions under President Joe Biden to just two under Trump.
Senior officials at the Commodity Futures Trading Commission who raised concerns about prediction market companies were suspended, investigated and eventually pushed out of the agency.

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