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International Business Times

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Brian Slupski

THE TRUTH ABOUT: Prediction markets now face major potential ban on most popular betting targets - Caught on Camera

Polymarket Jeff Merkley Axios Entertainment

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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