Chuck Schumer urges House and White House to ban prediction market trading

5 articles · Updated · Bloomberg · May 3

The Senate Democratic leader said on Sunday that members and staff should not be allowed to trade on wars, economic crises or elections.
He called for the House of Representatives and the White House to match a Senate ban, arguing even the possibility of bets influencing votes is unacceptable.
The appeal targets fast-growing prediction markets and broadens pressure for tighter ethics rules on officials' financial activity across Washington.

Is banning officials from betting on war a fix, or does the real danger lie in the markets themselves?

With officials facing a trading ban, can anonymous crypto markets truly be policed for insider bets?