US House Bill Seeks To Ban Lawmakers From Wagering On Prediction Markets

A new US House bill is targeting a fast-growing corner of the event-contract market by seeking to ban members of Congress, their spouses and dependents from wagering on political or public policy outcomes.TL;DRThe bill is called the Stop Lawmakers from Predicting Act.It would prohibit members of Congress, spouses and dependents from wagering on public policy and political outcomes.Violations could bring civil penalties of up to $2,000.The proposal arrives as prediction markets become more visibl