A bill to prohibit elected officials from participating in politically related prediction markets has garnered support from thirty Democrats, including former House Speaker Nancy Pelosi, according to reports. The proposed legislation aims to prevent potential conflicts of interest and ensure public trust by restricting elected officials from placing bets on political outcomes. Prediction markets involve wagering on the likelihood of specific events, and this development highlights growing concerns about the integrity of political processes.

A bill to prohibit elected officials from participating in politically related prediction markets has garnered support from thirty Democrats, including former House Speaker Nancy Pelosi, according to reports. The proposed legislation aims to prevent potential conflicts of interest and ensure public trust by restricting elected officials from placing bets on political outcomes. Prediction markets involve wagering on the likelihood of specific events, and this development highlights growing concerns about the integrity of political processes.