<![CDATA[US Lawmakers Introduce Bill to Ban Officials from Prediction Market Betting]]>9b6ecb49-f6be-4404-99bb-41d2904d18fc-image.png
US lawmakers have introduced a new bipartisan bill aimed at preventing government officials from betting on prediction markets tied to political events and policy decisions. The proposed PREDICT Act would apply to members of Congress, the president, vice president, and even their families, addressing concerns that insiders could profit from non-public information.

The move comes after reports of traders making large profits from well-timed bets on geopolitical and political outcomes. If passed, the bill would impose financial penalties and force any profits to be returned to the US Treasury. Lawmakers say the goal is simple: close loopholes and restore trust by ensuring those with privileged information cannot financially benefit from it.

]]>https://undeads.com/forum/topic/17497/us-lawmakers-introduce-bill-to-ban-officials-from-prediction-market-bettingRSS for NodeTue, 05 May 2026 11:04:25 GMTThu, 26 Mar 2026 08:14:57 GMT60<![CDATA[Reply to US Lawmakers Introduce Bill to Ban Officials from Prediction Market Betting on Thu, 26 Mar 2026 12:00:14 GMT]]>love how this only becomes a problem once it’s visible on prediction markets

]]>https://undeads.com/forum/post/46470https://undeads.com/forum/post/46470Thu, 26 Mar 2026 12:00:14 GMT