Senators ban themselves from participating in prediction markets
The Washington Post • • nation
Key Points:
- Senators unanimously voted to ban themselves from participating in prediction markets amid ongoing ethical concerns.
- Prediction markets enable betting on future events, ranging from sports to election outcomes, and have recently faced scrutiny over potential insider trading.
- A U.S. Special Forces soldier was arrested for allegedly using classified information to bet on the operation to capture Venezuelan President Nicolás Maduro, facing multiple fraud charges.
- The soldier has pleaded not guilty to charges including commodities fraud, wire fraud, and theft.
