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 wagering on political outcomes. Prediction markets involve betting on the likelihood of future events, and this development highlights concerns about the integrity of political processes when officials have a financial stake in the results.

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 wagering on political outcomes. Prediction markets involve betting on the likelihood of future events, and this development highlights concerns about the integrity of political processes when officials have a financial stake in the results.