CNN Quest for Business

Gary discusses Charges of Insider Trading on Prediction Markets brought against Army Master Sergeant

Gary Gensler discusses with Richard Quest charges brought against an Army soldier involved in planning the US raid on Venezuela’s leader Nicolás Maduro in January and then allegedly bet $32,000 on prediction markets making over $400,000 on insider information. Having been CFTC Chair on the insider trading laws used to charge the sergeant, Gary shares that more needs to be done by Congress to better promote trust in markets and our government.

You can learn more by listening to Gary & Simon discuss Prediction Markets in ‘Episode Five: Prediction Markets’