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New legislation would ban lawmakers, their families from betting on prediction markets
A new bill would ban lawmakers in Congress from placing bets on prediction markets related to public policy issues and elections that they could be in a position to profit from by using insider information.The Stop Lawmakers From Predicting Act was introduced Thursday by House Administration Committee Chairman Bryan Steil, R-Wis., which would ban members of Congress as well as their spouses and dependent children from placing a wager on a prediction market on topics that the lawmaker may have inside information on.The ban would cover wagers on the occurrence, nonoccurence or the extent of the...3 days ago
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