WASHINGTON, DC- On National Whistleblower Day, U.S. Senators John Fetterman and Chuck Grassley introduced the CFTC Whistleblower Protection and Program Improvement Act to provide long-term stability to the Commodity Futures Trading Commission (CFTC) whistleblower program, strengthen protections for whistleblowers, and speed up award processing.
The CFTC ensures America’s commodity markets remain fair, transparent, and free from fraud and manipulation. This includes the markets farmers rely on to manage the prices of crops, livestock, and other agricultural products. Increasingly, the CFTC has come to focus on “prediction markets” like Polymarket and Kalshi and their “event contracts” that have been increasingly compared to betting.
“Whistleblowers put their jobs and often their lives on the line to call out the most serious offenses in the workplace. Zero doubt that they should be protected,” said Senator Fetterman. “As a member of the Agriculture Committee, I’m proud to introduce this bipartisan bill with Senator Grassley to protect whistleblowers and improve the CFTC whistleblower program.”
Under current law, the Customer Protection Fund is capped at $100 million. Any fines collected after the cap are sent to the Treasury Department’s general fund. As fines from whistleblower disclosures have increased in volume and value in recent years, reward disbursements have also risen. As a result, the CPF is depleting faster than it can be replenished due to the $100 million...
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