A lot of money was wagered on the makeup of the 119th United States Congress, and some of those newly elected and reelected lawmakers may be very interested in the legality and regulation of all that wagering even now that the voting has ended.
More than a dozen Republican members of the House who wrote to the Commodity Futures Trading Commission this summer about proposed rules for event contracts were reelected on Nov. 5.
Also reelected were Democratic Senators Elizabeth Warren of Massachusetts and Amy Klobuchar of Minnesota, who likewise wrote to the CFTC’s chairman this summer regarding event contracts. However, in their case, the letters were to raise concerns about election betting.
