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The complaint from the Southern District of New York comes just over a month after another insider trading case on Polymarket.
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CNBC Daily Open: Oil falls on Iran peace hopes — then U.S. launches airstrikes CNBCOil Futures Fall on Hopes for U.S.-Iran Agreement WSJAsian shares decline and oil prices up more than $1 after US strikes on Iran The Seattle TimesStocks in Asia to Slip on Mixed US-Iran Signals: Markets Wrap Bloomberg.com
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Dow rises nearly 200 points to new record close as oil retreats on Iran truce optimism: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq post record highs as oil prices drop Yahoo FinanceStock Market Today: Chip Stocks Pare Recent Gains; Oil Drops on Hopes of Mideast Deal — Live Updates WSJS&P 500, Nasdaq muted as investors await Mideast peace deal progress Reuters
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It's the second known case of the federal government filing criminal charges against someone who allegedly used insider information to make a large profit on a prediction market site.
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Since the start of the war in Iran, investors have favored U.S. stocks over international equities, but a deal could help to reduce the gap.
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