U.S. lawmakers introduce bill to ban members of Congress, the President, and high-ranking officials from participating in prediction market betting

BlockBeatNews

BlockBeats News, March 26 — According to Cointelegraph, U.S. lawmakers recently introduced a bill aimed at banning members of Congress, the President, and other high-ranking government officials from participating in prediction market competitions.

This proposal, jointly sponsored by U.S. Representatives Adrian Smith and Nikki Budzinski, was introduced on Tuesday, and is called the “Preventing Real-time Exploitation and Deceptive Congressional Trading Act” (PREDICT Act).

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