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Tom tat nhanh
- Adam Schiff (D-CA) has introduced proposed legislation that would ban prediction market contracts tied to terrorism, war, assassination, and death, directly challenging market regulator CFTC's shift toward looser regulation of event trading.
- The bill, dubbed the DEATH BETS Act, would strip the agency of discretion over whether to permit such contracts and write explicit prohibitions into law, putting Schiff on a collision course with CFTC Chair Mike Selig's deregulatory agenda.
- Schiff, a member of the Senate Agriculture Committee that oversees the CFTC, is positioned to press the issue legislatively as the agency's new rule making takes shape.
- Under the Commodity Exchange Act, the CFTC already has authority to block contracts tied to war, terrorism, or assassination if it determines they are contrary to the public interest.
- But enforcement hinges on the regulator's judgment, meaning the scope of protection shifts with agency leadership.
- Schiff's bill would eliminate that flexibility.
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Nguon tham khao: https://www.coindesk.com/markets/2026/03/11/schiff-pushes-ban-on-prediction-market-bets-tied-to-war-and-death