WASHINGTON, Aug. 5 -- Sen. Martin Heinrich issued the following news release:
WASHINGTON - This week, U.S. Senator Martin Heinrich (D-N.M), Ranking Member of the U.S. Senate and Natural Resources Committee, joined U.S. Senators Jeff Merkley (D-Ore.), Alex Padilla (D-Calif.), Jeanne Shaheen (D-N.H.), Adam Schiff (D-Calif.), Jacky Rosen (D-Nev.), Catherine Cortez Masto (D-Nev.), Ron Wyden (D-Ore.), and Amy Klobuchar (D-Minn.) to press the Commodity Futures Trading Commission (CFTC) on its plans to crack down on prediction markets now offering event contracts for individuals to bet on wildfires.
As wildfires burn across the nation, the Senators are demanding action from the CFTC following the public safety and insider trading concerns of all...