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These derivatives openly violate the Frank Dodds act, but the head of the FTC has said they won't act.

in what way do they violate Dodd-Frank?

The DF clearly states that there cannot be contracts on topics of war, terrorism, assassination, gaming and unlawful activity and in general anything that:

- incentivize harmful acts - create manipulation risks - are "contrary to the public interest"

So, all these contracts on the topics of US attacks, sports, whether California will burn due to fires, openly violate it.

But CFTC's head has publicly stated that they won't act on them.

Dodd-Frank does not clearly state there cannot be those contracts. Dodd-Frank grants the CFTC jurisdiction to govern those contracts. what you are saying was struck down in court in September 2024 where the judge ruled those contracts are legal but the content, fairness, and quality of such contracts are CFTC jurisdiction.

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