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Adam Schiff: “We've seen reports, for example, recently that someone with…”

Featuring: Adam Schiff, Democratic | U.S. Senate, California

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Sens. Schiff and Curtis on the Prediction Markets Are Gambling Act, state of DHS negotiations

Published | Video Starts at 03:01

People who have particular insights, either because they're government officials or because they're the athletes themselves who can end up influencing the events they're betting on. We've seen reports, for example, recently that someone with 93% accurate accuracy has been predicting what's been going on in the Iran war. That's heavily suggestive of insider trading. And when it could be done using blockchain, there's no way to really regulate that. At least it's not being regulated today. (03:01–03:11)

CLAIM

Asserts that there are reports of someone with 93% accuracy predicting events in the Iran war.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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