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

2026/08/04 17:26 (Updated 2026/08/05 06:00)

CoinPost

Written by Enzo

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.

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30