1 of 1
Story summary
- Rep. Greg Casar (D-TX) and Sen. Chris Murphy (D-Conn.) introduced the BETS OFF Act to ban prediction market trading on sensitive topics, including terrorism and war.
- They argue these markets are prone to corruption and rigging, which undermines consumer protection.
- The bill would amend laws to restrict offshore payments and penalize domestic promoters, while noting cultural betting trends like the Oscars.
