Press Coverage January 14, 2026

Prediction Markets Hit Record $702 Million Daily Volume Amid Regulatory Pressure

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Stephen C. Piepgrass

Stephen Piepgrass, leader of Troutman Pepper Locke’s Regulatory Investigations, Strategy + Enforcement Practice Group, was quoted in the January 14, 2026 Finance Magnates article, “Prediction Markets Hit Record $702 Million Daily Volume Amid Regulatory Pressure.”

  • The timing raised immediate concerns about potential insider knowledge of U.S. military operations. “There are a lot of telltale signs that make it seem like insider trading,” Stephen Piepgrass, a regulatory attorney at Troutman Pepper Locke specializing in futures trading, told CBS News.
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