Comment on CFTC-2026-0331, CFTC-2026-0331-0001, Adam, Schiff

Summary: A group of United States Senators is urging the CFTC to stop intervening in litigation regarding prediction markets and to clarify that contracts involving gaming, war, or other prohibited events are barred under the Commodity Exchange Act. They argue that the Commission's current direction contradicts congressional intent, state/tribal laws, and the Chairman's previous testimony.