CFTC Is Scrutinizing Offshore Betting Platforms With US Traders
- Agency chairman vows to take action against any violators
- CFTC grappling with popularity of election derivatives markets
Rostin Behnam
Photographer: Ting Shen/BloombergThis article is for subscribers only.
A top financial regulator is closely monitoring offshore, unregulated companies that allow Americans to trade on US election outcomes.
“We are observing any activity that’s occurring offshore and providing exposure to US customers,” Rostin Behnam, chairman of the US Commodity Futures Trading Commission, said Tuesday at a conference hosted by Georgetown University’s Psaros Center for Financial Markets and Policy.