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Political party reactions to CFTC ban within 1 month
5
Resolution / Starting Odds
Support from Democrats • 33%
Support from Republicans • 33%
Opposition from both parties • 34%
Official party statements or credible news sources
Story
CFTC to Ban Derivative Bets on Elections, Sports, Awards, Calamities
May 10, 2024, 04:15 PM
The U.S. Commodity Futures Trading Commission (CFTC) is set to propose a ban on derivatives betting on U.S. elections, sports, awards contests, calamities, and other major real-world events. This decision, highlighted in a series of statements and reports, reflects the CFTC's intent to regulate event contracts more stringently. The proposed rule aims to prevent the use of derivatives for gambling on political outcomes and other significant events, seeking to give the ban a stronger basis in law. The move has sparked a significant conversation within regulatory and political circles, with a CFTC vote showing a split decision of 3-2 along party lines.
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Support from Democratic leaders • 33%
Support from Republican leaders • 33%
Mixed or no clear support from either party • 34%
Broad support across parties • 33%
Opposition from Republicans • 33%
Opposition from Democrats • 34%
Unified support for increased regulation • 33%
Unified support for decreased regulation • 33%
Continued division within the party • 34%
Support • 25%
Oppose • 25%
Neutral • 25%
No Comment • 25%
Significant Negative Impact • 33%
No Significant Impact • 34%
Significant Positive Impact • 33%
Predominantly positive reaction • 50%
Predominantly negative reaction • 50%
Support stricter regulations • 33%
Support looser regulations • 33%
Maintain current position • 34%
Increased bipartisan support for crypto regulations • 33%
Increased opposition to crypto regulations • 33%
No significant change in political stance on crypto regulations • 34%
Strong Opposition • 33%
Neutral/No Official Position • 34%
Supportive • 33%
Strongly support • 25%
Support • 25%
Oppose • 25%
Strongly oppose • 25%
Democratic Party • 33%
Republican Party • 33%
Both Parties • 34%
Increased Trust • 33%
No Change in Trust • 34%
Decreased Trust • 33%