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International Business Times
International Business Times
National
Brian Slupski

Prediction Markets Now Face Major Potential Ban on Most Popular Betting Targets

Trading on the 2028 presidential election outcome on Polymarket. (Credit: Polymarket)

Proposed legislation is taking aim at prediction markets, promising to ban transactions on sports, politics, news, and entertainment.

Axios reported that Sen. Jeff Merkley, D-Oregon, plans to introduce the STOP Corrupt Bets Act on Thursday, while Rep. Jamie Raskin, D-Maryland will introduce a version in the House version.

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