Sens. Elizabeth Warren along with other Democratic lawmakers urged U.S. Commodity Futures Trading Commission Chair Rostin Behnam to “promptly” finalize a rule that would ban event contracts that allow bets on political events. Event markets, such as Kalshi and Polymarket, allow users to bet on the outcome of future events, including on the upcoming U.S. elections. Behnam said there has been a “significant uptick” in event contracts listed for trading on exchanges registered with the CFTC since 2021.
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00:00 Intro
00:20 Sponsor: Margex
01:09 Polymarket bigger than crypto
01:55 Warren vs Truth
03:10 CFTC vs “Gaming”
03:47 Why now?
04:14 Meeting after VP pick
04:49 Elizabeth Warren is desperate
06:22 CFTC vs Polymarket
07:27 Kalshi CEO “CFTC causing the next FTX”
08:55 46% in U.S.
09:08 Powered by UMA
09:30 Vitalik UMA 2014
10:00 2021 Vitalik wanted UNI to become an oracle
10:48 UMA 30% APR
11:50 $UMA 30X gains
12:20 Vitalik predicts Polymarket will replace “Community Notes” on twitter
14:25 Outro
#Crypto #ethereum #politics
~Elizabeth Warren Wants To Ban Polymarket ASAP!️🔥$UMA a 30X Token?🚀~
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