EconomyUnited States

House panel urges tighter prediction market rules after insider trading probe

House lawmakers want tighter prediction market rules, including a possible ban on government officials betting on these markets, while the CFTC chair criticizes states that target platform founders.

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The chair of the House Oversight Committee raised the possibility of banning government officials from placing prediction market bets because of insider trading concerns. The CFTC chair, Selig, accused states of trying to lock up prediction market founders.

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