Economic Policy

The image features the words "The Dispatch" in bold red serif font centered on a white background.

Joint Center Quoted in The Dispatch on the CFTC’s Role in Market Manipulation

Joint Center Senior Researcher, Financial Regulation and Policy, Cantrell Dumas, was quoted in The Dispatch on the CFTC’s role in enforcing market manipulation and insider trading in relation to prediction markets.

From the article: “But the elimination of this economic purpose standard in the 2000 Commodity Futures Modernization Act, which was intended to encourage financial innovation, left a legal void, according to Cantrell Dumas, a senior researcher for financial regulation and policy at the Joint Center for Political and Economic Studies and a former CFTC regulator. ‘It eliminated a foundational principle that helped distinguish legitimate financial instruments from wagers,’ Dumas told The Dispatch.”

Click here to read the article.