In a letter authored to the Commodity Futures Trading Commission, seven members of Congress are calling for the agency to regulate market prediction companies.
WASHINGTON D.C., DC — This past week, people using the prediction market platform Polymarket could wager if a U.S. airman who was shot down in Iran would be rescued, which prompted immediate criticism and an eventual apology by the company.
Prediction markets are online platforms where people can buy and sell contracts based on the outcome of real-world events. Such events can range from elections, sports or even geopolitical developments.
On Monday, seven Democratic members of Congress, led by
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