News list for " commodity term"

US lawmakers urge CFTC to crack down on election gambling, with Polymarket betting at record high

A group of US lawmakers has called on the Commodity Futures Trading Commission (CFTC) to ban gambling on US elections, pointing out that such practices are harmful to public trust. The letter highlights that election-related betting on Polymarket hit a record high following the attempted assassination of former President Donald Trump and the withdrawal of President Joe Biden from the 2024 presidential race, with trading volumes almost doubling to $1 billion in July. Including Senators Elizabeth ...

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2024-08-05 22:28:12
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