Congress Cracks Down on Prediction Markets
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Congress is tightening regulations on prediction markets like Kalshi and Polymarket due to insider trading concerns during the U.S.-Israeli war with Iran. Bipartisan bills aim to ban casino-style bets and wagers on wars, terrorism, or government moves. Platforms are fighting back with legal challenges and lobbying efforts, as the regulatory battle intensifies.
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