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Democrats Target Prediction Market Insider Trading, Claim Trump Allies Are Profiting

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In brief

  • Sen. Chris Murphy (D-CT) and Rep. Greg Casar (D-TX) introduced the BETS OFF Act on Tuesday, a bill that seeks to outlaw prediction markets focused on war and other specific topics.
  • Under the legislation, wagers associated with pre-determined outcomes like the Super Bowl halftime show…

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