Prediction markets just hit a regulatory wall in Washington.The U.S. Senate passed a unanimous resolution banning senators and staff from betting on event-based contracts a strict move targeting conflicts of interest and misuse of information.
The trigger: a case involving a U.S. Army sergeant allegedly using classified intel for prediction market trades, raising serious national security concerns.
The ripple is already spreading.
The National Public Radio and the State of Illinois Government have imposed similar bans on employees.What started as niche platforms are now under full institutional scrutiny and regulation is catching up fast. #LearnWithFatima $BTC $ETH
The trigger: a case involving a U.S. Army sergeant allegedly using classified intel for prediction market trades, raising serious national security concerns.
The ripple is already spreading.
The National Public Radio and the State of Illinois Government have imposed similar bans on employees.What started as niche platforms are now under full institutional scrutiny and regulation is catching up fast. #LearnWithFatima $BTC $ETH