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Murphy & Casar's BETS OFF Act: Regulating Prediction Markets
Published 3 days, 11 hours ago
Description
Senator Chris Murphy and Rep Greg Casar introduce the BETS OFF Act to ban prediction market bets on war, terrorism, assassinations, and events with known outcomes. Concerns over fraud, insider trading, and addiction arise, leading Connecticut to lead the charge against these platforms. As states clash with federal regulators and bills pile up, the fight to balance innovation with safeguards continues.
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