Etiqueta: democracy

Washington, D.C. – Oregon’s U.S. Senator Jeff Merkley—who has long sounded the alarm on election betting—released the following statement after prediction market firm Kalshi reported three instances of political candidates betting on their own elections: “Election betting is a bad bet for democracy—plain and simple. Since 2023, I have been concerned

Multiple incidents prompted speculation about possible insider trading in prediction markets by federal employees Text of Letter (PDF) Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), along with Senators Amy Klobuchar (D-Minn.), Jeff Merkley (D-Ore.), Representative Maxine Waters, Representative Angie Craig (D-Minn.), and 37 other lawmakers, wrote to the Commodity Futures

Washington, D.C. – Today, Oregon’s U.S. Senator Jeff Merkley and U.S. Representative Jamie Raskin (MD-08) introduced new legislation to crack down on prediction markets and the opportunity these markets invite for corruption. Merkley and Raskin’s STOP Corrupt Bets Act responds to the recent explosion of prediction markets, which now offer

Effort comes after reports of individuals suspiciously earning massive payouts before Iran Strikes, Venezuela Military Actions Washington, D.C. – Today, Oregon’s U.S. Senator Jeff Merkley and Minnesota’s U.S. Senator Amy Klobuchar launched a new effort to prevent government officials at the highest levels from engaging in prediction markets, cracking down