US Democratic Lawmakers Propose Ban on Officials Using Inside Information to Trade Prediction Markets

Gate News: On March 17, U.S. Senator Chris Murphy and Representative Greg Casar introduced a new bill called the BETS OFF Act, which aims to prohibit government officials from participating in prediction market bets when they have insider information. The bill specifically targets alleged insider trading related to actions in countries like Venezuela and Iran, aiming to restrict officials from profiting from sensitive policy and military information.

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