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Senate Democrats Warn CFTC on Harmful Prediction Markets

2/25/2026

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Summary

Story summary

Senate Democrats sent a letter to CFTC Chair Michael Selig, expressing concern about prediction markets that incentivize harm.
They cite Polymarket as an example, with bets on the Artemis II explosion and Nicolás Maduro's removal.
The letter warns these contracts could threaten national security and violate the Commodity Exchange Act.
It requests clarification on prohibitions and sets a March 9 response deadline.

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Story summary

Senate Democrats sent a letter to CFTC Chair Michael Selig, expressing concern about prediction markets that incentivize harm.
They cite Polymarket as an example, with bets on the Artemis II explosion and Nicolás Maduro's removal.
The letter warns these contracts could threaten national security and violate the Commodity Exchange Act.
It requests clarification on prohibitions and sets a March 9 response deadline.