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Prediction Markets Are Exploding — Some Politicians Want to Stop Them
Lawmakers worry about insider trading and gambling risks as prediction markets grow; Kalshi launched over 200 investigations last year, reflecting regulatory challenges.
Summary by Benzinga
2 Articles
2 Articles
Prediction markets are booming. Some lawmakers are betting against them.
Sen. Chris Murphy of Connecticut is among the lawmakers sounding a note of deep skepticism about prediction markets.Nathan Posner/Anadolu via Getty ImagesLawmakers on Capitol Hill have some concerns about prediction markets.The most immediate concern is the potential for insider trading.But others worry about the spread of gambling and the markets' impact on culture.Ask a member of Congress about the rise of prediction markets, and there's a dec…
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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