Six Democratic Senators have called on the U.S. Commodity Futures Trading Commission (CFTC) to issue a clear ban on prediction contracts linked to an individual’s death, arguing that these products pose serious risks to national security and public safety.
In a letter to CFTC leadership on Monday, the senators urged the agency to reaffirm the outright prohibition of contracts whose outcomes depend on or are closely related to a person’s death. The letter, led by Senator Adam Schiff and signed by five other senators.
The group of senators believes that current federal commodity laws already prohibit contracts related to terrorism, assassination, or war, but warns that new contracts appearing on Polymarket reveal gaps in oversight.
The letter was sent amid the growing popularity of prediction platforms like Polymarket and Kalshi. The CFTC has not yet commented.
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