The rise of political prediction markets and several well-timed trades have spurred lawmakers to introduce multiple bills aimed at stopping or regulating insider trading in prediction markets.
But lawmakers are far from agreeing on how far to extend such bans.
“Members of Congress should be prohibited from participating in prediction markets related to political events, policy decisions, and insider, nonpublic information,” said Michael Beckel, the director of money in politics reform at Issue One, a nonprofit government transparency group.
