U.S. Senator pressures CFTC to fully ban "death-related" prediction market contracts

SmartContractAuditor · 2026-02-24T15:39:49+00:00

Six Democratic U.S. Senators have written to the CFTC Chairman, urging a ban on prediction market contracts related to individual deaths, citing concerns that these contracts could lead to physical harm and national security risks. They referenced multiple cases, to which the CFTC has not yet publicly responded.

SmartContractAuditor

2026-02-24 15:39:49

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Odaily Planet Daily reports that six U.S. Democratic Senators have sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, requesting clarification on the prohibition of “classification” of any prediction market contracts that are directly related to or highly associated with personal death. They state that such products “encourage bodily harm or death” and pose a “dangerous national security risk.” The senators cited several cases, including contracts on Polymarket about whether “Artemis II will explode,” contracts related to the fate of Venezuelan President Maduro, and contracts related to the Russia-Ukraine war. The CFTC recently submitted legal documents to the federal appeals court emphasizing its “exclusive jurisdiction” over the U.S. derivatives market, but has not yet publicly responded to the letter. (CNBC)

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