Congress is scrambling to regulate prediction markets
A bill would prohibit using campaign funds to bet on prediction markets, impose up to five years’ imprisonment, and require FEC guidance and DOJ referrals.
I chaired the US Federal Election Commission. Now there's no cop on the beat | Ellen L Weintraub
U.S. democracy faces accelerating threats from political interference, weakened election safeguards, potential domestic military misuse, and an incapacitated campaign finance regulator.