Surge in Election Betting Could Undermine Public Trust, Warns CFTC
Washington, D.C. — The Commodity Futures Trading Commission (CFTC) recently emphasized the need for caution as betting on election outcomes shows remarkably increased interest among traders and gamblers alike. This surge in electoral wagering, which has unfolded since the 2020 U.S. Presidential Election, has sparked intense debate and concern over its expansion’s implications on both financial markets and public trust. The CFTC, as the federal regulator overseeing futures and options markets in the United States, …