Congress has finally had enough and stepped in over politicians secretly betting on their own elections.
Rep. Don Davis introduced a bill to ban candidates, their spouses, and their children from trading prediction contracts tied to their own elections. Violators would face a $10,000 fine per offense and up to three years in prison. With just a month until the midterms, trading volume on Polymarket’s election contracts has already exploded, and rumors of politicians getting in on the action to hedge their bets just won’t stop. This is basically an official acknowledgment that “insiders really are playing.” But $10,000 is pocket change to them—the real insider advantage was never about the stake, it’s about the information 😏
#Polymarket #预测市场 #USMidtermElections
Rep. Don Davis introduced a bill to ban candidates, their spouses, and their children from trading prediction contracts tied to their own elections. Violators would face a $10,000 fine per offense and up to three years in prison. With just a month until the midterms, trading volume on Polymarket’s election contracts has already exploded, and rumors of politicians getting in on the action to hedge their bets just won’t stop. This is basically an official acknowledgment that “insiders really are playing.” But $10,000 is pocket change to them—the real insider advantage was never about the stake, it’s about the information 😏
#Polymarket #预测市场 #USMidtermElections
