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Two federal prosecutions have landed prediction markets in court: one targeting a Google engineer who traded with confidential internal data, the other a US soldier who used classified military intelligence about the invasion and arrest of Maduro in Venezuela. Neither is a classic insider trading case. Former congressman George Santos is also reportedly being investigated for profiting off his decision not to attend a State of the Union address.

Sam Enzer, Partner and CahillNXT Co-Chair at Cahill Gordon & Reindel and a former SDNY prosecutor, joins Steven Ehrlich to lay out these novel prosecutions and why each case faces real legal hurdles.

They also discuss the Strategy bitcoin sale timing dispute that has tens of millions riding on how a Polymarket market resolves its definition of “sold.”

Host:

• • Steven Ehrlich – Head of Research, SharpLink & Host of Bits + Bips: The Interview

Guest:

• • Sam Enzer – Partner and CahillNXT Co-Chair at Cahill Gordon & Reindel