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Democratic lawmakers urge CFTC to restrict prediction-market event contracts

Regulation

Democratic lawmakers led by Senator Jeff Merkley urged the CFTC to issue rules against insider trading and restrict event contracts involving elections, military activity, government actions and sports. Their letter named Kalshi and Polymarket and called for limits on contracts without a valid economic hedging interest. The CFTC’s consultation on rulemaking was due to close Thursday, the report said.

The requested rules could limit the event contracts available to prediction-market platforms and traders.

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Regulation

Agricultural groups urge CFTC to assess prediction contracts’ effects on commodity markets

The National Pork Producers Council and 20 other agricultural groups asked the CFTC to examine possible effects of prediction-market contracts linked to agricultural commodities. In a letter, they warned that these contracts could affect price signals, liquidity and traditional risk-management markets, and raised concerns about differences in federal price and position limits.

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