Yagmur Canel
Content Manager
Two US senators have introduced new legislation aimed at preventing federal officials from trading on prediction market platforms, citing concerns that access to non-public government information could create opportunities for corruption. The proposed End Prediction Market Corruption Act, introduced by Senators Jeff Merkley (D-Oregon) and Amy Klobuchar (D-Minnesota), would prohibit the President, Vice President, members of Congress and certain senior government officials from buying or selling event contracts tied to real-world outcomes. The initiative reflects growing scrutiny in Washington around the rapid expansion of prediction markets, which allow users to trade contracts on political, economic and geopolitical outcomes. What The […]
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