US Democrats propose bill to ban prediction market contracts on war and assassinations

U.S. Democratic lawmakers have introduced a bill to ban prediction market contracts related to war, death, and assassinations, Decrypt reported. The bill, put forward by California Senator Adam Schiff and Representative Mike Levin, would prohibit any institution registered with the U.S. Commodity Futures Trading Commission (CFTC) from listing contracts involving events such as terrorism, war, or death. Previously, Democratic lawmakers had sent a letter to the CFTC urging it to sanction specific prediction market contracts that are directly linked to human casualties or that threaten national security.