Bipartisan Bill Targets Insider Trading in Prediction Markets
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Show Notes
US lawmakers propose new bills to prevent insider trading on prediction markets. The Public Integrity in Financial Prediction Markets Act and the Predict Act aim to stop government officials from profiting on platforms like Kalshi and Polymarket using insider information. Officials would need to report bets over $250 within 30 days, with penalties including fines or double profits gained. Prediction market platforms are also tightening rules, as lawmakers seek to establish clear guidelines before these markets expand.
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