Financial Markets

CFTC Awards $8M to Five Whistleblowers: Order 26-WB-07

The Commodity Futures Trading Commission announced more than $8 million in awards to five whistleblowers whose information led to a successful enforcement action against a fraudulent scheme (Press Release). The Commission set out the basis for those awards in its Order Determining Whistleblower Award Claims, Determination No. 26-WB-07, dated June 1, 2026 (Order, p. 1, […]

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Nasdaq CME Crypto Index Futures and 24/7 Crypto Trading

CME Group, the Chicago-based derivatives exchange operator, expanded its regulated cryptocurrency derivatives offerings through two related developments in 2026. On May 14, 2026, it announced plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory review, describing the contract as its first market-cap-weighted futures product (Index Futures Release). About two weeks later,

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SDNY Charges Google Engineer Over Polymarket Trades

Federal prosecutors have charged a Google software engineer with using confidential internal company data to trade on a cryptocurrency prediction market. The sealed complaint was filed in the United States District Court for the Southern District of New York under magistrate docket number 26 MAG 2020 and names Michele Spagnuolo, a/k/a “AlphaRaccoon,” as the defendant

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SEC 2026 Tokenized Securities Guidance Explained

Last updated: May 24, 2026 Editor’s note (May 24, 2026): This article describes the SEC’s January 28, 2026 Staff Statement on Tokenized Securities. On March 17, 2026, the SEC and CFTC issued a joint interpretive release establishing a broader five-part token taxonomy for crypto assets (digital commodities, digital collectibles, digital tools, stablecoins, and digital securities).

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CFTC Awards $700,000 to Whistleblower

Last updated: May 24, 2026 On May 29, 2025, the Commodity Futures Trading Commission (CFTC) announced a whistleblower award of approximately $700,000 to a single whistleblower, underscoring the critical role of whistleblowers in enforcing regulations within commodity markets, including emerging areas like digital assets. Whistleblower Program Background The CFTC Whistleblower Program, established under Section 748

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SEC Grants Two Whistleblower Awards Despite Missed Deadline

Last updated: May 24, 2026 The SEC Whistleblower Program, established in 2010, encourages reporting of securities law violations, including cryptocurrency fraud, by offering awards up to 30% of collected sanctions. A March 24, 2025, whistleblower award proceeding (Release No. 102717) involved four covered actions. Initially, claims for two actions were late, but the SEC waived

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