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US Senators warn CFTC against election betting

8th August 2023 9:45 am GMT

United States Senators from California, Maryland, Massachusetts, Oregon, and Rhode Island are urging the Commodity Futures Trading Commission (CFTC) to reject a proposal to allow betting on US presidential elections.

Senators Jeff Merkley (D-OR), Sheldon Whitehouse (D-RI), Edward Markey (D-MA), Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Dianne Feinstein (D-CA) have written to the chairman of the CFTC, Rostin Behnam, warning that allowing event contracts on the outcome of US presidential elections will jeopardize the [...]

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