WASHINGTON, Aug. 3 -- Sen. Jeff Merkley issued the following press release:
Today, Oregon's U.S. Senator Jeff Merkley led U.S. Senators Alex Padilla (D-CA), Jeanne Shaheen (D-NH), Adam Schiff (D-CA), Jacky Rosen (D-NV), Catherine Cortez Masto (D-NV), Martin Heinrich (D-NM), Ron Wyden (D-OR), and Amy Klobuchar (D-MN) 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 in Oregon and across the nation (https://www.npr.org/2026/07/29/nx-s1-5910624/oregon-is-on-track-for-its-worst-wildfire-season-yet), the Senators are demanding action from the CFTC following public reporting that highlighted the public safe...