Experts Comment on Bill Banning U.S. Lawmakers From Insider Prediction Bidding

Experts comment on bill banning U.S. lawmakers from insider prediction bidding

(The Center Square) – Newly introduced legislation to ban members of Congress from betting in prediction markets should be expanded to include members of all three branches of the federal government, a government accountability group said.

House Republican Introduces Insider Trading Bill to Ban Lawmaker Prediction Market Bets

The bill is meant to curb potential insider trading, blocking lawmakers and family members from policy-related prediction market bets.

Republican Bill Targets Insider Trading in Prediction Markets

U.S. Representative Bryan Steil, chair of the House subcommittee on digital assets, has introduced legislation aimed at preventing members of Congress—and certain family members—from profiting through prediction markets tied to public-policy decisions and “political outcomes.” The proposal, described in a Thursday notice from Steil’s office, would create a narrowly tailored restriction focused on event contracts that reference government action …

Congress Members Could Lose Prediction Market Profits Under Steil's $2,000 Fine Bill

A Wisconsin Republican wants to shut lawmakers out of prediction markets entirely. Representative Bryan Steil dropped the Stop Lawmakers from… Read the original on Congress Members Could Lose Prediction Market Profits Under Steil’s $2,000 Fine Bill. For more crypto news and analysis, visit TheCurrencyAnalytics.com.