Prediction market bets on sports, election, war would be verboten under new legislation

[ad_1] Sen. Jeff Merkley (D-OR) speaks at a news conference on his marathon overnight speech on the Senate floor at the U.S. Capitol Building on Oct. 22, 2025 in Washington, DC. Andrew Harnik | Getty Images A group of congressional Democrats on Thursday introduced legislation that would ban prediction market bets on elections, government actions, […]

Trump urges Congress to ‘fix’ college football money mess

[ad_1] U.S. President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, D.C., March 6, 2026. Nathan Howard | Reuters President Donald Trump on Friday urged Congress to “fix” what he described as an untenable financial situation in college sports because of the relatively new system of payments […]

Iran war prediction market bets draw heat: ‘Insane this is legal’

[ad_1] Prediction markets are facing renewed scrutiny from federal lawmakers after wagers about the fate of Iranian leader Ayatollah Ali Khamenei, who was killed in the Saturday bombardment of Iran. “It’s insane this is legal,” said Sen. Chris Murphy, D-Conn., in a post to X, referring to another post highlighting people who had made money […]