DOJ Drops OpenSea NFT Fraud Case After Appeals Court Overturns Conviction
The U.S. Department of Justice (DOJ) has dropped the NFT fraud case against Nathaniel Chastain, a former OpenSea manager, after an appeals court overturned his conviction due to flawed jury instructions. The decision highlights the legal complexities in the NFT industry.
US prosecutors abandon OpenSea insider trading case
The U.S. Justice Department drops insider trading charges against former OpenSea manager Nathaniel Chastain, highlighting the complexities in regulating the crypto and NFT markets.
Solana Treasury Firm Blames Sniper for Suspicious Meme Coin Trades
Solana treasury firm DeFi Development Corp. faces insider trading allegations over meme coin launch, blaming a “sniper” for suspicious trades.
Portugal Bans Polymarket Over €4M Insider Trading Scandal
Portugal bans Polymarket following suspicious trading activity during the presidential election, raising concerns over insider trading and the integrity of prediction markets.
Only KYC can stop insider trading on prediction markets, Messari says
Messari’s Austin Weiler says KYC checks are essential to prevent insider trading on prediction markets, but notes that even identity checks do not fully eliminate abuse.
Prediction Markets Hit Record Trading Volume as Fragmentation Concerns Mount
Prediction markets reach record trading volume as traders bet on major events, but concerns over market fragmentation and insider trading mount.
After the Golden Globes, Polymarket’s Near-Perfect Accuracy Raised Eyebrows
Polymarket’s near-perfect accuracy in predicting Golden Globe Awards outcomes has raised concerns over insider trading and sparked discussions about future collaborations between crypto prediction markets and mainstream events.
White House Briefing Fuels Insider Trading Debate—Pelosi Joins the Irony
The White House briefing incident has fueled the debate over insider trading in prediction markets, with 30 Democrats introducing legislation to ban elected officials from placing political bets. House Speaker Nancy Pelosi has been implicated in the controversy, adding to the irony of the situation.
Should Politicians Be Able to Use Prediction Markets? House Bill Proposes Ban
A House bill seeks to ban politicians from prediction markets over insider trading fears. What does this mean for crypto-based platforms like Polymarket?
Pelosi, 30 Democrats Target Prediction Markets With Ban Following Suspicious $400K Maduro Bet
House Democrats, led by Pelosi and Torres, propose banning government officials from prediction markets after a $400K Polymarket bet on Maduro raised insider trading concerns. Learn the implications for crypto and DeFi.