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Caroline D. Pham

Caroline D. Pham

Former Acting CFTC Chairman

Appears in 1 story

Notable Quotes

"The undue delay and anti-innovation policies of the past several years have severely restricted the CFTC's ability to pivot to common-sense regulation of prediction markets." — Caroline D. Pham

Stories

Prediction markets collide with national security

Rule Changes

Advocated for lighter prediction market regulation

Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. Now the feared scenario has arrived: an Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing bets on the June 2025 Israel-Iran war with suspicious accuracy. It is the first known prosecution anywhere for using military secrets to trade on a prediction market.

Updated Feb 13