US Senate Dems press federal agency to increase oversight of prediction markets

By: Amelia Twyman

Outlets: DC Bureau (States Newsroom)

Published: June 11, 2026

Words: 569

Last Updated: 20 hours, 19 minutes ago

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WASHINGTON — A group of 16 U.S. Senate Democrats is calling on the Commodity Futures Trading Commission to tighten its regulation of prediction markets, citing concerns over insider trading and other consumer harms as betting on future events grows in popularity.

The senators, led by Agriculture, Nutrition and Forestry Committee ranking Democrat Amy Klobuchar, of Minnesota, asked the CFTC to offer guidance to those participating in bustling prediction markets such as Kalshi and Polymarket in …

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