U.S. senators again urge CFTC to ban presidential election betting

Odaily News Five U.S. senators and three House representatives have again called on the CFTC to ban betting on the 2024 presidential election. In a letter to CFTC Chairman Rostin Benham on August 5, they stated that such a market "could influence and interfere in the election and further erode public trust in democracy," urging him to quickly finalize and implement the rule to prevent the commoditization of U.S. elections. The letter was signed by Senators Jeff Merkley, Richard Blumenthal, Chris Van Hollen, Elizabeth Warren, Sheldon Whitehouse and Representatives Jamie Raskin, John Sarbanes and Eleanor Holmes Norton. (Cointelegraph)