The CFTC imposed five-year trading bans on former Alameda Research CEO Caroline Ellison and FTX co-founder Zixiao « Gary » Wang, with Ellison also receiving a ten-year registration ban and Wang an eight-year registration ban. These civil sanctions follow a 2022 enforcement action and are separate from the criminal cases where Ellison was sentenced to two years in prison and Wang received time served. US government lawyers filed an opposition on Wednesday to a motion to dismiss from US soldier Gannon Ken Van Dyke, who allegedly made over $400,000 using prediction market Polymarket with nonpublic information tied to the military operation that removed Venezuelan President Nicolás Maduro in January. Prosecutors argued that Van Dyke’s claims relied on hypotheticals and edge cases not necessary to decide at the motion-to-dismiss stage.
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