U.S. Senator writes to CFTC, calling for restrictions on contracts related to wildfire incidents
2026-08-04 09:42:25
According to CoinMeta, U.S. Senator Jeff Merkley and eight others have written to CFTC requesting restrictions and considering a ban on contracts related to wildfire incidents. The letter states that markets predicting the 2025 wildfires in Paradise and Eaton Hill have seen bets exceeding $1.2 million, and such markets may incentivize participants to influence the outcomes through arson or intervention in the fires, posing risks to public safety and insider trading.
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Source：BeInCrypto
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