WASHINGTON, March 17 (Reuters) – U.S. Democratic lawmakers Senator Chris Murphy and Representative Greg Casar on Tuesday introduced a bill to ban prediction market bets on military operations and other sensitive government actions, increasing pressure on the fast-growing markets.
The bill is one of several competing efforts on Capitol Hill to rein in prediction markets, after well-timed bets ahead of the U.S.-Israeli air strikes in Iran and Venezuela operations stoked concerns over the legality and ethics of such trades.
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(Reporting by Michelle Price; Editing by Hugh Lawson)
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