Congressmen Amo and Casar request CFTC Chairman's clarification on profitable prediction markets tied to Iran conflict.
Quiver AI Summary
Congressmen raise concerns over prediction markets: Congressman Gabe Amo (D-RI) and Congressman Greg Casar (D-TX) have requested clarification from CFTC Chairman Michael Selig regarding profitable prediction market trades connected to the Iran conflict. They expressed concerns over the accuracy and timing of these trades, suggesting potential insider information may be involved.
Legislative action proposed: The lawmakers referenced a CBS investigative report that uncovered significant profits from prediction markets related to war and government actions. They urged the CFTC to enhance scrutiny and governance of these platforms to prevent market manipulation and protect the public's interests.
Background on legislative efforts: In March, Amo and Casar co-sponsored the BETS OFF Act, aiming to prohibit betting on sensitive government actions, including war. They emphasized the need for regulations to mitigate risks associated with these high-stakes markets.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
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Gabe Amo Fundraising
Gabe Amo recently disclosed $214.6K of fundraising in a Q1 FEC disclosure filed on April 15th, 2026. This was the 518th most from all Q1 reports we have seen this year. 66.9% came from individual donors.
Amo disclosed $130.7K of spending. This was the 710th most from all Q1 reports we have seen from politicians so far this year.
Amo disclosed $1.6M of cash on hand at the end of the filing period. This was the 282nd most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Gabe Amo's fundraising on Quiver Quantitative.
Gabe Amo Net Worth
Quiver Quantitative estimates that Gabe Amo is worth $76.2K, as of June 8th, 2026. This is the 467th highest net worth in Congress, per our live estimates.
Amo has approximately $20.2K invested in publicly traded assets which Quiver is able to track live.
You can track Gabe Amo's net worth on Quiver Quantitative's politician page for Amo.
Gabe Amo Bill Proposals
Here are some bills which have recently been proposed by Gabe Amo:
- H.R.8288: Strengthening Export Controls Compliance Act
- H.R.7896: NOAA Global Ocean Monitoring and Observing Research Act
- H.R.7307: SUPPLIES Act
- H.R.7089: PARK Act
- H.R.7088: NO NATO for Purchase Act
- H.R.6426: STOP Scams Against Seniors Act
You can track bills proposed by Gabe Amo on Quiver Quantitative's politician page for Amo.
2026 Rhode Island's 1st Congressional District Election
There has been approximately $2,189,057 of spending in Rhode Island's 1st congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Rhode Island's 1st congressional district election.
