Industry Pushes Back: “Regulated Markets Don’t Allow War Contracts”

[ed]

Murphy’s proposal has drawn swift criticism from industry leaders who argue he is conflating offshore platforms with federally regulated U.S. exchanges. Tarek Mansour, co-founder of Kalshi, stated that domestic prediction markets are prohibited from offering contracts tied to war or terrorism. Those restrictions are enforced by the Commodity Futures Trading Commission, which bars derivatives involving assassination, armed conflict, or other activities deemed contrary to the public interest.

Supporters of regulated exchanges say Murphy’s example highlights activity on offshore platforms that are already banned from legally serving U.S. customers. They argue a blanket prohibition would penalize compliant domestic firms operating under strict oversight, rather than addressing enforcement gaps involving foreign-based operators.

[mendez]

if betting markets caused wars vegas would’ve ended the world decades ago

[bonk]

cftc already banning war contracts but sure let’s pretend it’s the wild west