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Six US senators ask CFTC to bar death, war and terrorism prediction contracts

Regulation

Six US senators urged the CFTC in a letter dated 23 February to clarify its restrictions on prediction contracts linked to death, war, terrorism or assassination. They said such contracts may breach commodities law and pose national security risks, citing markets on Polymarket’s offshore exchange.

The CFTC’s clarification could determine how prediction markets handle contracts tied to death, war, terrorism or assassination.

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Regulation

US senators introduce bill to bar officials from profiting on prediction markets

US senators Elissa Slotkin, Todd Young, Adam Schiff and John Curtis introduced the Public Integrity in Financial Prediction Markets Act of 2026, which would prohibit elected federal officials, political appointees and government employees from trading on prediction markets using material non-public information. The proposal authorises fines of $500 or twice the profit, whichever is greater, and requires reports for transactions exceeding $250 within 30 days.

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