Prediction markets are drawing fresh scrutiny in Washington as lawmakers move to restrict how elected officials and senior government staff can participate in the rapidly growing industry.
A new bill led by Democratic Senators Jeff Merkley of Oregon and Amy Klobuchar of Minnesota would ban the president, vice president, and members of Congress from trading event contracts, financial bets tied to the outcome of specific real-world events.
The legislation comes after a series of controversial wagers on geopolitical developments and political events placed prediction markets under the spotlight.
The proposed legislation would bar top government officials from trading these contracts and limit participation by senior executive branch staff.
https://5star.media/2026/03/06/senators-introduce-bill-to-ban-prediction-market-trading-for-officials/