Schumer: House, White House must ban prediction markets bets

Senate Democratic Leader Chuck Schumer (N.Y.) is calling on the House and White House to follow the Senate’s lead and ban government officials from placing bets on prediction markets, which he says poses a serious national security risk. The Democ...

Senate Democratic Leader Chuck Schumer (N.Y.) is calling on the House and White House to follow the Senate’s lead and ban government officials from placing bets on prediction markets, which he says poses a serious national security risk. The Democratic leader noted that 16 accounts made more than $100,000 each by correctly predicting a U.S....