Senate Targets Insider Trading in Prediction Markets

What the bill does

I saw how the senate want to stop leaders from using secrets to make money on bets.

You must understand that this bill stops the president and congress members from using what they know before the public does.

I found out that every bet over 250 dollars require you to file a report in 30 days.

I think the law says secrets are things a normal person would find useful that stayed private.

My look at the bill shows it covers new rules or secret moves from agencies.

I know the fine is two times the money a person win.

You see how Slotkin thinks no person should get rich from there public job.

I saw another plan called the PREDICT Act that stops kids and spouses from betting too.

You will notice the house bill adds a 10 percent fine and takes all the profit away.

I expect that apps like Kalshi or Polymarket will get more rules from the government soon.

You should treat these markets as serious finance tools because they are no longer toys.

I saw the new Senate bill covers sports betting as well.