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Crypto

U.S. Senator Calls for Ban on Wildfire Prediction Markets by the CFTC

2026/08/05 01:01(Updated 2026/08/05 06:00)

CoinPost

Written by Enzo

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U.S. Senator Calls for Ban on Wildfire Prediction Markets by the CFTC

U.S. Senator Requests CFTC Ban

According to the news site BeInCrypto, a letter was delivered on the 3rd to Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC). The sender was Senator Jeff Merkley (Democrat, Oregon), among other Democratic senators. They are requesting a ban on bets related to California wildfires handled by Polymarket. The reason cited is the potential inducement of arson.

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