2026-03-17 14:50:55
U.S. Democratic Lawmaker Proposes Bill to Ban Officials from Using Insider Information in Prediction Markets
Gate News report: 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 while in possession of insider information. The bill specifically targets suspected insider trading activities in events related to U.S. operations in Venezuela, Iran, and other locations, aiming to restrict officials from profiting through sensitive policy and military information.