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. The bill also bans trading on election outcomes and government activities to protect our elections from manipulation and insulate the government from insider trading opportunities. (03:03–03:15)
CLAIM
Asserts that the bill strengthens laws to prohibit certain event contracts.
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