The Commodity Futures Trading Commission (CFTC) has just published a proposal that would limit the trading of event contracts that envision political results. After a three-and-a-half-hour meeting on a Friday, three commissioners voted in favor of the proposed rulemaking. The public will now be able to comment on these plans. CFTC Chair Rostin Behnam considered commoditizing a democratic process to be the purpose of a political event contract. Thus, the latter’s scope may extend beyond the CFTC’s mission, and the commission might be transformed into an election overseer.
CFTC Proposes Ban on Politically Tied Contracts
However, along with political tendencies, the provided rulings will also ban agreements financing situations like games, wars, terrorism, and assassination, and the creation of these sanctions will be aimed at the national interests, not at all. Behnam, on this note, says that there has been a significant rise in the number of event contracts starting from 2021, more
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