CFTC Chases Insider Traders on Prediction Markets Because We All Need More Rules

KEY POINTS

•David Miller, named CFTC enforcement chief in early 2026, targets insider trading on prediction markets like Kalshi and Polymarket.
•More than $1 billion was wagered on Kalshi’s Super Bowl markets while Polymarket surged during March Madness promotions.
•Miller promised more hires and a simpler cooperation policy amid reports of enforcement lawyer departures from key offices.

David Miller, hero of the Commodity Futures Trading Commission, declared insider trading on prediction markets like Kalshi and Polymarket illegal—surprise! After Kalshi boasted over $1 billion sunk on Super Bowl bets and Polymarket pumped March Madness promos, insiders tried turning event contracts into ‘free-for-alls’. Miller had to clarify that no, insider trading isn’t 'cool' or 'encouraged', correcting folks who thought secret scoops were part of the fun. He’ll hire more cops, especially after the entire CFTC Chicago enforcement squad vanished faster than a politician’s campaign promises. Kalshi even clamped down on a California pol and a MrBeast editor caught playing the insider game—because who really imagines rules apply when millions are involved?