CFTC Chair Warns of Risks in Political Election Contracts

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September 18, 2024
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PANews, September 18 - According to The Block, CFTC Chair Rostin Behnam has warned that election-related contracts could pose risks, and the CFTC is closely monitoring activity in offshore prediction markets. Behnam, speaking at an event at Georgetown University, indicated that regulating election contracts could have negative consequences for political and electoral integrity, emphasizing that the CFTC should not become involved in regulating elections. The CFTC has been keeping an eye on offshore markets such as Polymarket, and will take enforcement action if they violate the law.

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