Trading Prohibitions
Last updated: July 1, 2026
These restrictions protect market integrity. Violations can result in position unwinds, account suspension and referral to the CFTC.
1. Insider sources
You may not trade a market if you have material non-public information about its settlement source, or if you can influence the outcome — for example, an employee of an agency whose data settles the market, or a participant in the event itself.
2. Manipulative trading
Wash trading, spoofing, layering, banging the close and coordinated trading to move prices rather than express views are prohibited across all markets.
3. Restricted persons
Exchange employees and their immediate families may not trade. Members of Congress and senior agency officials face restrictions on markets their roles touch. Certain professional categories must attest to their status at signup.
4. Jurisdictions
Trading is available only where event contracts are lawful. Accessing the exchange through VPNs or misrepresenting your location is prohibited and voids eligibility for withdrawals of trading profits.
5. Reporting
If you become aware of prohibited conduct, report it. Good-faith reports are protected and can be made anonymously.
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