Democrats urge CFTC to rein in prediction markets sports betting, insider trading

Democrats urge CFTC to rein in prediction markets sports betting, insider trading

Summary

Sen. Jeff Merkley, D-Ore., led a letter — first reported by CNBC — to the CFTC asking for stricter rules for companies like Kalshi and Polymarket.

Description

Sen. Jeff Merkley, D-Ore., led a letter — first reported by CNBC — to the CFTC asking for stricter rules for companies like Kalshi and Polymarket.

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