US lawmakers call on CFTC to ban election gambling like Polymarket
On August 6th, according to CryptoSlate, as election-related gambling on Polymarket reached a historic high, US legislators are calling for the CFTC to ban election gambling. Senators such as Elizabeth Warren stated that election gambling would undermine public trust and the democratic process, and requested that the CFTC immediately establish rules to prevent the "commodification" of elections.Previously, due to the attempted assassination of former President Trump and current President Biden's withdrawal from the race, Polymarket's election-related trading volume almost doubled to $1 billion in July. Legislators warned that election gambling could shift voter motivation towards financial incentives and allow political insiders to profit from non-public information, further eroding public trust.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TRUMPMEME: Trump's "TRUMP DINNER" dinner will be held in Washington on May 22
TRUMP briefly breaks through $16
Ethereum Mainnet to Execute Pectra Upgrade on May 7
A whale bought more than 400,000 TRUMPs after the "TRUMP Dinner" news was released
Trending news
MoreCrypto prices
More








