US Democrats are pressuring Selig over the CFTC's oversight of war betting in offshore prediction markets.

CoinFeed reported on April 8th that, according to The Block, House Democrats recently sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, demanding that the agency crack down on offshore prediction market platforms that allow users to bet on events such as U.S. military operations. This comes after contracts for the rescue of a U.S. pilot shot down in Iran were circulated on these platforms over the weekend. Led by Representatives Seth Moulton and Jim McGovern, the letter argues that turning war into a gambling opportunity is pathological, involving bets on bombing, bloodshed, and military operations, and that human lives should not be treated as numbers on a screen. The lawmakers cited CFTC internal rules in the letter, which prohibit the listing of contracts involving terrorism, assassination, war, gambling, or activities that violate federal law.