US CFTC: TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation

) Trading SA to pay a $48 million fine, alleging that the company had attempted to manipulate the market for European benchmark gasoline futures.

The maneuver amounted to losing money on physical sales to increase the value of the short position, according to the CFTC. EBOB is a benchmark of gasoline primarily used in Europe that the CFTC said trades on exchanges it regulates.

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Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market RulesBoth parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.
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