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Senators Propose Sweeping Oversight for Prediction Markets to Combat Fraud and Manipulation
U.S. Senator Richard Blumenthal has unveiled a comprehensive legislative proposal aimed at tightening regulation of prediction markets, seeking to impose new protections against fraud, insider trading and the participation of underage individuals on these rapidly expanding online platforms. Joined by Senator Andy Kim, Blumenthal introduced the “Prediction Markets Security and Integrity Act,” a bill that would make it unlawful for both individuals and platform operators to use
Mar 173 min read
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