Story perspectives

Bill to Ban Insider Trading on Prediction Markets Introduced.

4/30/2026

Summary

Story summary

Rep. Tarik Khan (D) introduced a bill to ban insider trading on prediction markets.
The bill would require platforms to detect activity, bar minors, prohibit youth-sports wagers, and impose penalties.
Seven lawmakers cosigned the bill.
Rep. Jeremy Shaffer warned the bill could corrupt politics and youth sports.
A U.S. soldier pleaded not guilty after prosecutors said he used data to earn $400,000 betting on capture of Venezuelan President Nicolás Maduro.

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Story summary

Rep. Tarik Khan (D) introduced a bill to ban insider trading on prediction markets.
The bill would require platforms to detect activity, bar minors, prohibit youth-sports wagers, and impose penalties.
Seven lawmakers cosigned the bill.
Rep. Jeremy Shaffer warned the bill could corrupt politics and youth sports.
A U.S. soldier pleaded not guilty after prosecutors said he used data to earn $400,000 betting on capture of Venezuelan President Nicolás Maduro.