Six Democratic senators have sent a letter to Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), demanding that it explicitly "classify and prohibit" any prediction market contracts directly or highly correlated with personal death, arguing that such products "incentivize bodily injury or death" and pose a "dangerous national security risk." The senators cited several examples, including Polymarket's listing of contracts regarding whether Artemis II would explode, contracts concerning the fate of Venezuelan President Maduro, and contracts related to the Russia-Ukraine war. The CFTC recently filed legal documents with a federal appeals court emphasizing its "exclusive jurisdiction" over the U.S. commodity derivatives market, but has not yet publicly responded to the letter. (CNBC)
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