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Sens. Elizabeth Warren along with other Democratic lawmakers urged U.S. Commodity Futures Trading Commission Chair Rostin Behnam to "promptly" finalize a rule that would ban event contracts that allow bets on political events. Event markets, such as Kalshi and Polymarket, allow users to bet on the outcome of future events, including on the upcoming U.S. elections. Behnam said there has been a "significant uptick" in event contracts listed for trading on exchanges registered with the CFTC since 2021.
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00:00 Intro 00:20 Sponsor: Margex 01:09 Polymarket bigger than crypto 01:55 Warren vs Truth 03:10 CFTC vs "Gaming" 03:47 Why now? 04:14 Meeting after VP pick 04:49 Elizabeth Warren is desperate 06:22 CFTC vs Polymarket 07:27 Kalshi CEO “CFTC causing the next FTX” 08:55 46% in U.S. 09:08 Powered by UMA 09:30 Vitalik UMA 2014 10:00 2021 Vitalik wanted UNI to become an oracle 10:48 UMA 30% APR 11:50 $UMA 30X gains 12:20 Vitalik predicts Polymarket will replace “Community Notes” on twitter 14:25 Outro
#Crypto #ethereum #politics ~Elizabeth Warren Wants To Ban Polymarket ASAP!️ |