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Six Democratic U.S. Senators Urge CFTC to Ban Death-Related Prediction Market Contracts
Deep Tide TechFlow News, February 24 — According to CNBC, six U.S. Democratic senators have written to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, urging a ban on any prediction market contracts related to or closely associated with personal deaths, citing these contracts as “posing dangerous national security risks.” The letter specifically highlights three controversial contracts recently offered on the Polymarket platform: predictions about NASA spacecraft explosions, the removal of Venezuelan leader Maduro, and the occupation of Ukrainian towns by Russia. The senators warn that these contracts could lead to insider trading and incentivize real-world harm through economic rewards.