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Tag: senatetradingban

US Politics

Gambling on Democracy: The Senate's Necessary, Yet Insufficient, Stand Against Prediction Market Corruption

The U.S. Senate unanimously passed a rule barring its members from trading on prediction markets, a direct response to alarming instances of insider trading involving political candidates and a soldier wagering on classified military operations. This critical, albeit belated, action is a vital brick in the wall defending the integrity of our democratic institutions from the corrupting influence of financialized speculation on war and elections.