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Legislators back CFTC’s proposed rule to limit political betting market

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Photo: Flavio Coelho/Getty Images

Alexander Barzacanos

1 min read
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The proposed rule would create a definition of prohibited “gaming” that would include political bets.

A group of Democratic US Congress and Senate members have penned a letter to CFTC Chairman Rostin Behnam endorsing a proposed rule from May 10 that would exclude election bets from being listed on CFTC-regulated markets.

The CFTC seeks to amend Regulation 40.11 to specify events contracts that are “gaming” and

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