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#Crypto_News
A new proposed US bill attempts to ban the participation of the US President and Congress members in prediction markets
In a message dated March 26, according to Cointelegraph, bipartisan US lawmakers introduced the "Preventing Exploitation in Real-Time and Misinformed Trading" bill, aiming to prohibit the President, Congress members, and senior government officials from betting in prediction markets, with similar restrictions on their spouses and family members.
Violators could face fines of up to 10% of the total contract value, along with the confiscation of all profits.