GOP Lawmaker Moves to Ban Prediction Market Trades

GOP Lawmaker Moves to Ban Prediction Market Trades

Rep. Ashley Hinson (R-IA) introduced a resolution on Thursday to amend House rules and prohibit members, staff and other chamber employees from trading on prediction markets, according to a draft obtained by Punchbowl News.

House urged to pass prediction market ban following Senate action

Prediction markets that let users wager on everything from war to elections are drawing new scrutiny.

Lottomatica: Prediction markets won’t take hold in Europe

Lottomatica has ruled out venturing into the prediction markets space at any point in the near future and argued the vertical taking the US by storm would be ineffectual in many European markets. As part of the company’s latest financial earnings report, the Italian operator attested there is “no workaround possible” that would make a prediction market product feasible from a legal perspective. This is in large part due to Italy’s gaming regulat…

Congress Banned Prediction Markets in Hours but Still Cannot Police Its Own Stock Trades

The U.S. Senate voted unanimously on April 30 to ban senators and their staff from trading on prediction markets, moving with immediate effect to foreclose what lawmakers described as an […]