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Schumer Says House, White House Must Ban Prediction Market Bets

Bloomberg.com·María Paula Mijares Torres·29 days ago
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Senate Democratic leader Chuck Schumer called on the House of Representatives and the White House to follow the Senate’s lead by imposing a ban on trading in fast-growing prediction markets.

“Members and staff representing the public should never be able to gamble on wars, on economic crises or on elections,” Schumer said in a statement on Sunday. “The very possibility that a member’s vote could be influenced by a bet is reason enough to slam this door shut.”

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