Senate Democrats Urge CFTC to Ban Sports and Election Contracts on Kalshi and Polymarket

A group of congressional Democrats sent the Commodity Futures Trading Commission (CFTC) a letter on Thursday demanding the agency issue rules banning event contracts on elections, war, military actions, sports, and government actions without an economic hedging interest. The letter was filed on the final day of the CFTCs advance notice of proposed rulemaking comment []