Senators push tighter rules on lawmakers' betting in prediction markets
TL;DR
Senators Kirsten Gillibrand and Dave McCormick introduced a bipartisan bill to bar members of Congress, the president, vice president, and senior executives from trading on prediction markets, require the CFTC to review and update rules to curb insider trading, and sanction platforms with age verification and case-by-case bans on bets tied to war or other sensitive events.
- Gillibrand, McCormick team up to crack down on prediction markets Politico
- Democrats urge CFTC to rein in prediction markets sports betting, insider trading CNBC
- Kalshi and Polymarket want to ban insider trading. But an economist says inside info is the point Fortune
- We Need to Kick Prediction Market Betting Out of Journalism While We Still Can The Intercept
- Prediction Markets Are Putting Government to the Test Bloomberg.com
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