Democratic Party Introduces Bill to Regulate Insider Trading in Prediction Markets, Targeting War and Government Actions

2026/03/18 17:43 (Updated 2026/03/18 18:00)

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Written by N.Koda

Democratic Party Introduces Bill to Regulate Insider Trading in Prediction Markets, Targeting War and Government Actions

Preventing 'Immoral' Bets

On the 17th, Democratic Senators Chris Murphy and Representative Greg Casar introduced the bipartisan 'BETS OFF Act (Prohibition of Event Trading on Classified Operations and Federal Functions)'. This bill aims to prohibit bets in prediction markets on events involving government actions, terrorism, wars, assassinations, and any events where individuals in a position to know or influence the outcomes are involved.

The purpose of the bill is to...

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Iolite Vol.18

March 2026 issueReleased on 2026/01/30