Several Democratic senators in the United States have urged the CFTC to explicitly ban prediction market contracts involving death.

Huoxun Finance News, February 24th - According to CNBC, six Democratic senators sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, urging him to explicitly ban prediction market contracts that "incentivize personal injury or death." The senators stated in the letter that such contracts "pose a dangerous national security risk" and requested the CFTC to "clearly reiterate its absolute prohibition of any contract that is based on or highly related to the death of an individual." The letter points out that under federal commodity regulations, the CFTC has "absolutely prohibited" contracts involving or mentioning terrorism, assassination, war, or similar acts. The senators also cited three recent Polymarket contract cases: a contract regarding the explosion of a NASA manned space mission, a contract regarding the removal of Venezuelan leader Maduro from power, and a contract regarding the Russian military's capture of a Ukrainian town. The letter states that these contracts "highlight the dangerous incentives posed by contracts related to categories prohibited by the Commodity Exchange Act." Last week, the CFTC filed a legal opinion in a federal appeals court, arguing that the agency has exclusive jurisdiction over the commodity derivatives market and that states have no right to exercise such regulation.