Pennsylvania lawmakers propose prediction market insider trading ban

9 articles · Updated · WJAC Johnstown · May 6

The move comes as the Pennsylvania Gaming Control Board urges federal regulators to tighten oversight, with concerns spanning Centre County's new Happy Valley Casino and statewide mobile betting.
Officials say prediction markets could affect sports wagering and expose college students and younger bettors to poorly regulated or illegal offshore sites that lack safeguards and can leave users in debt.
In Pennsylvania, casino entry is restricted to people 21 and older, but regulators say online and app-based betting has widened access beyond tightly supervised casino sportsbooks.

Are prediction markets a revolutionary forecasting tool or just a high-tech casino for a new generation?

Can prediction markets ever be secured from insiders exploiting national security secrets?