New Congress Bill Seeks to Ban Lawmakers From Prediction Market Bets Tied to Political Events

A new proposal in the House of Reps aims to stop members of Congress, along with their spouses and dependents, from profiting through prediction markets. Introduced by Rep. Bryan Steil, the measure is formally titled the “Stop Lawmakers From Predicting Act.” It amends chapter 131 of title 5 of the United States Code t…