WASHINGTON, Aug. 3 -- Sen. Catherine Cortez Masto issued the following press release:
Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Jacky Rosen (D-Nev.) joined a letter led by U.S. Senator Jeff Merkley (D-Ore.) to the Commodity Futures Trading Commission (CFTC) raising the alarm about offshore prediction markets allowing people to bet on wildfires.
As wildfires burn in Nevada and across the nation (https://www.axios.com/2026/08/03/us-wildfire-season-large-fires-10-year-average), the Senators are demanding answers from the CFTC following public reporting that highlights the public safety and insider trading concerns of allowing prediction market platforms to offer bets on natural disasters such as wildfires (https://www.cnn.com/...