In January, one investor netted over $400,000 on Nicolas Maduro's fall from power, making the timely purchase just before President Trump announced the deposed leader's capture. But prediction market Koshi claims that legally this is investing, not gambling. I introduced HR7840, the bipartisan event Contract Enforcement act, to address these concerns. and put an end to reckless event based gambling. This bill strengthens existing law requiring the CFTC to prohibit event contracts related to terrorism, assassination, war, gaming or criminal behavior. (02:54–03:01)
CLAIM
Asserts the introduction of HR7840 to address concerns about prediction markets.
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