Adam Schiff News & Prediction Market Coverage
Track the latest Adam Schiff news across prediction markets. Prediction News is following 7 active Adam Schiff stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Bipartisan Senate bill would ban sports event contracts on CFTC-regulated prediction markets
LegalSeventeen Democratic senators move to block CFTC funding for state prediction-market lawsuits
LegalSenators demand CFTC investigate Polymarket over fake bets report
LegalCFTC proposes first formal prediction market rules, allows sports bets and bans war wagers
LegalMerkley: Proposed CFTC rule falls short on curbing insider trading in prediction markets
OpinionCFTC chair Selig draws hard line between prediction markets and sports betting amid state legal fights
LegalSchiff accuses CFTC Chair Selig of 'duplicitous' flip-flop on sports prediction markets
Frequently Asked Questions
What is the Prediction Markets Are Gambling Act?
Bipartisan legislation co-sponsored by Sens. Adam Schiff and John Curtis that would prohibit CFTC-registered platforms from listing contracts resembling sports bets or casino-style games.
Has Adam Schiff called for a CFTC investigation into Polymarket?
Yes, Schiff joined Sen. John Curtis in a June 2026 bipartisan letter demanding the CFTC investigate reports of staged or fake bets in Polymarket promotional content.
Why did Adam Schiff push to block CFTC funding for state prediction market lawsuits?
Schiff was among 17 Democratic senators who argued that CFTC preemption suits against states undermine state oversight and fuel public health concerns over gambling.
What is Adam Schiff's stance on sports prediction markets?
Schiff has described sports prediction contracts as sports betting by another name and warned that the CFTC lacks capacity to police them effectively.
Has Adam Schiff sponsored other bills on prediction markets?
Yes, including the DEATH BETS Act with Rep. Mike Levin to ban contracts on war, terrorism, assassination, and death.