A United States lawmaker has introduced a bill aimed at banning politically related prediction bets. This legislative effort follows an incident where a Polymarket user reportedly gained over $400,000 from a contract concerning the removal of then-Venezuelan President Nicolás Maduro. The incident has raised concerns about potential insider trading within prediction markets, prompting the proposed ban on politically sensitive wagers.

A United States lawmaker has introduced a bill aimed at banning politically related prediction bets. This legislative effort follows an incident where a Polymarket user reportedly gained over $400,000 from a contract concerning the removal of then-Venezuelan President Nicolás Maduro. The incident has raised concerns about potential insider trading within prediction markets, prompting the proposed ban on politically sensitive wagers.