Lawmakers call for CFTC crackdown on prediction markets

U.S. lawmakers are advocating for regulatory action by the Commodity Futures Trading Commission (CFTC) against prediction markets that involve bets on the outcomes for U.S. service members. Concerns have been raised regarding the ethical implications of such markets, with one lawmaker labeling them as 'morally corrupt and completely unacceptable.' This initiative reflects a growing scrutiny of the intersection between gambling and military affairs.

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