tldr; U.S. Senator Adam Schiff has introduced legislation to ban prediction market bets involving war, terrorism, assassination, or death. The bill aims to prevent platforms regulated by the Commodity Futures Trading Commission (CFTC) from offering contracts tied to violent or unlawful events. Schiff argues that such markets could enable profiteering from nonpublic information, jeopardize national security, and encourage violence. The legislation seeks to explicitly prohibit these contracts to address ethical and security concerns.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Gloomy_File_5987 on
Party pooper.
AncientProduce on
Agree with this, the people that want to bet on wars and death should go play in a war or see what death is like before theyre allowed to complain about not being able to bet on someones shitty day.
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tldr; U.S. Senator Adam Schiff has introduced legislation to ban prediction market bets involving war, terrorism, assassination, or death. The bill aims to prevent platforms regulated by the Commodity Futures Trading Commission (CFTC) from offering contracts tied to violent or unlawful events. Schiff argues that such markets could enable profiteering from nonpublic information, jeopardize national security, and encourage violence. The legislation seeks to explicitly prohibit these contracts to address ethical and security concerns.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Party pooper.
Agree with this, the people that want to bet on wars and death should go play in a war or see what death is like before theyre allowed to complain about not being able to bet on someones shitty day.