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Blake Moore: “More than 150 accounts made investments of over $1,000 in…”

Featuring: Blake Moore, Republican | U.S. House Utah, 1st Congressional District

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Rep. Blake Moore Speaks on the House Floor Proposing Solution to Under-regulated Prediction Markets

Published | Video Starts at 00:29

It's a proposal for a solution to what I think many have considered out of control prediction markets. Just hours before the United States military strikes in Iran, More than 150 accounts made investments of over $1,000 in event contracts based on the timing of the [military] strikes. with six traders together making over $1.2 million. In traditional betting, an individual places a wager on an outcome with odds set by a bookmaker that determines the winnings. (00:29)

CLAIM

Asserts that over 150 accounts invested significant sums in event contracts related to military strikes.

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