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Prediction market firms face growing scrutiny as Congress weighs regulation
Prediction market firms are under increasing scrutiny as Congress considers regulation. Rep. Bryan Steil is drafting a bill to prohibit Congress members and their staff from placing certain bets on prediction markets like Kalshi and Polymarket.
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- Congress is scrambling to regulate prediction markets
- Top Republican pumps brakes on prediction markets regulation
- Senate quietly bans lawmakers from betting on prediction markets
- Senate quietly bans lawmakers from betting on prediction markets