TechFlow News: On February 24, according to CNBC, six U.S. Democratic senators sent a letter to Michael H. Selig, Chairman of the Commodity Futures Trading Commission (CFTC), strongly urging the prohibition of any prediction market contracts tied to or closely related to individual deaths, citing such contracts as posing “dangerous national security risks.” The letter specifically highlighted three controversial contracts recently offered on the Polymarket platform: predictions regarding an explosion of a NASA spacecraft, the removal from office of Venezuelan leader Nicolás Maduro, and the Russian occupation of Ukrainian towns. The senators warned that these contracts could facilitate insider trading and incentivize real-world harmful events through financial rewards.
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