politics
Senator Introduces Amendment to Ban Government Officials From Prediction Market Trading
Senator Elissa Slotkin introduced an amendment on Tuesday to prevent insider trading by U.S. government officials on prediction markets. The proposal follows reports of large profits from bets on U.S. military actions in Iran and Venezuela.
May 20, 5:30 AM·1m read1 source
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U.S. government official on prediction markets.
U.S. Military actions in Iran and Venezuela on Polymarket, a cryptocurrency-based prediction market. U.S. would strike Iran by Feb.
28. The most suspicious account made $494,374 on the wager. U.S. soldier was charged last month with allegedly using classified information to profit from a Polymarket bet linked to the capture of Venezuela’s ousted leader, Nicolás Maduro.
4 million by betting on military operations with a 98% success rate," Slotkin stated.
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