Catherine Cortez Masto

Catherine Cortez Masto

Democrat

Senator, NV

3 Complicity (23%)10 Courage (77%)
Feb 13, 2026Statement

23 Senate Democrats demand CFTC Chair reverse course on greenlighting prediction markets

prediction marketsCFTCconflicts of interestderegulation
Sens. Adam Schiff and Catherine Cortez Masto led 21 Senate Democrats demanding that CFTC Chairman Michael Selig reverse his decision to greenlight prediction market contracts, including those tied to war, terrorism, and death. The letter warns that Selig's actions 'undermine the rule of law' and notes that Donald Trump Jr. is an investor and advisor to Polymarket and was previously a paid advisor to rival platform Kalshi, meaning the president's family stands to profit directly from the CFTC's deregulation of these markets. The senators set a March 9 deadline for response. CFTC Chairman Selig blew past the senators' March 9 deadline without banning death-related prediction market contracts. Speaking at a Milken Institute event, he promised only 'guidance in the very near future.'