ZachXBT Publishes Investigation Alleging Insider Trading by Axiom Employees

Hong Kong SFC Strengthens Global Regulatory Cooperation to Combat Illegal Activities by Financial Influencers

Gate News message, April 24 — Hong Kong's Securities and Futures Commission (SFC) announced it is working with securities regulators worldwide to combat illegal activities by financial influencers. Over the past year, the SFC has made progress through enforcement actions and collaboration with

Jane Street Files Motion to Dismiss Terraform Labs' Insider Trading Lawsuit

Gate News message, April 24 — Jane Street has filed a motion to dismiss the lawsuit brought by Terraform Labs' bankruptcy estate, which accuses the quant trading firm of precipitating the collapse of the UST/LUNA algorithmic stablecoin. The motion was filed at the Southern New York District

Wisconsin Sues Kalshi, Polymarket, Coinbase Over Sports Betting Contracts

The Wisconsin Department of Justice filed three complaints on Thursday in Dane County against Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, alleging that their sports-related event contract offerings constitute illegal gambling under state law. Wisconsin Attorney General Josh Kaul stated

U.S. Special Operations Forces Chief Warrant Officer Arrested: Used Classified Intelligence to Bet on Maduro on Polymarket, Profited $400k

The U.S. Department of Justice in the Southern District of New York has indicted U.S. Army Special Forces officer chief Gannon Ken Van Dyke, alleging that he used classified information to bet on Polymarket on the outcome of Maduro’s arrest, earning approximately $409,881 (13 transactions, 2025-12-27 to 2026-1-26). The charges include illegal use of confidential information, theft of nonpublic information, commodity transaction fraud, wire fraud, and illegal money transactions, among others. It is described as the first federal prosecution centered on insider trading and arbitrage with a prediction market, which may affect future regulatory directions.

A former Huobi executive was acquitted by a Hong Kong High Court ruling that found the charges to be unsubstantiated; allegations of Tether dark-pool trading were not substantiated

On April 24, the Hong Kong High Court’s seven-member jury, by a majority vote, found not guilty of allegations against Chen Bo-liang, a former senior manager of cryptocurrency exchange Huobi (now renamed HTX), concerning accusations that he used a pseudonymous personal account in 2020 to trade on Huobi’s platform dark pool. The court also ruled not guilty on all charges, including six counts of accessing a computer with criminal or dishonest intent and one count of money laundering. The amount involved relates to 5 million Tether (USDT) tokens.

Wisconsin sues Kalshi prediction market platform, alleging it may be an unlicensed gambling operation

According to an official press release issued by Wisconsin Attorney General Josh Kaul on April 23, Wisconsin has sued Kalshi in Dane County, alleging that the platform’s prediction market business, which operates in the form of “event contracts,” falls within the legal definition of gambling under Wisconsin law and constitutes an unlicensed gambling activity.