CFTC clarifies five major enforcement priorities: "Crack down" on insider trading and market manipulation in prediction markets

Odaily Planet Daily News reports that David I. Miller, the enforcement chief of the U.S. Commodity Futures Trading Commission (CFTC), said in a speech at the New York University School of Law that future enforcement will focus on five key areas, including insider trading, market manipulation, market abuse, retail fraud, and violations related to anti-money laundering and KYC. The CFTC has made it clear that prediction markets are also subject to insider trading regulation; trading using material nonpublic information will be considered illegal and will be “actively investigated and prosecuted.”

On the regulatory direction, the CFTC emphasized that it will end the model of “using enforcement as regulation,” and instead focus on core unlawful conduct such as fraud and manipulation. At the same time, it plans to roll out a new cooperation policy, offering a path to leniency and even exemption for institutions that proactively conduct self-checks, cooperate with investigations, and complete remediation. In addition, the CFTC said it will strengthen coordination with exchanges and judicial authorities, focusing on cracking down on energy market manipulation and fraud carried out using new technologies such as AI.