Senator Elizabeth Warren, together with different Democratic lawmakers, is urging the Commodity Futures Buying and selling Fee (CFTC) to finalize a ban on political betting contracts
Senator Elizabeth Warren, together with different Democratic lawmakers, is urging the Commodity Futures Buying and selling Fee (CFTC) to finalize a ban on political betting contracts.
They argue that such contracts might compromise the integrity of elections and democracy by permitting rich people and insiders to govern outcomes.
This name for motion comes as Polymarket, a preferred betting platform, studies over $500 million in bets on the 2024 US presidential election, reaching all-time highs (ATHs).
Lawmakers are involved that the rising reputation of election betting might undermine public belief within the democratic course of. The CFTC has been contemplating this ban.
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