Calci adds the employment verification required for some prediction market bets

The CFTC is considering its first regulation of prediction markets, arresting “insider trading” on everything from… Military operations to Google search data Continue to stack. like CoinDesk Reports, A Notice of Proposed Rulemaking “The proposal would establish a structured framework for evaluating whether such contracts involve activity described in Section 5C(c)(5)(C) of the Commodity Exchange Act — activity that involves terrorism, assassination, war, gaming, or conduct that is unlawful under federal or state law — and, if so, whether such a contract would be contrary to the public interest,” he says.

Separately, Calci announced on Wednesday that it will introduce the new Market safety measures After the issuance of the “independent” audit committee’s report, which it commissioned a few months ago.

The changes, which it says will be effective immediately, include a system for recording risks of market manipulation or insider trading, new tools for whistleblowing, and employment verification in certain markets:

“For markets with high risk of insider or manipulation, we now collect employment information before traders can participate. This allows us to identify putative insiders – people with material, non-public information about market outcomes – and vet them before they ever start trading.”