US Senators Urge CFTC to Ban Wildfire Event Contracts
Nine U.S. senators are pushing the Commodity Futures Trading Commission to ban contracts related to wildfire events, citing risks of arson and insider trading. They argue that these bets could lead to disaster profiteering, while Polymarket warns that such a ban would limit access to crucial information.
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Senators Push CFTC to Ban Wildfire Bets on Prediction Markets
Democratic lawmakers say wildfire event contracts create risks of arson, insider trading, and disaster profiteering as they urge federal regulators to step in.
US Senators Target Wildfire Bets in New CFTC Rule Fight
Nine U.S. senators are asking the Commodity Futures Trading Commission to prohibit contracts tied to wildfire duration, growth and destruction, warning that state and local fire officials see a risk of arson. Polymarket responded, saying the removal would only make timely information harder to reach.   Democratic Senators Want Wildfire Prediction Contracts Banned Over Arson […]