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Dave McCormick: “I introduced legislation with Senator Gillibrand because I…”

Featuring: Dave McCormick, Republican | U.S. Senate, Pennsylvania

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Senator McCormick Appears on CNBC's "Squawk Box" Live in DC

Published | Video Starts at 06:01

We see it coming up. What are your concerns around what's first of all, astronomical growth. I mean, this is just taken off like a rocket ship. I introduced legislation with Senator Gillibrand because I want to make sure we had a framework that ensures prediction markets don't go offshore. I think they offer real opportunity for the economy in terms of information, in terms of prediction, but that we need to have a regulatory framework. Because you think it's the Wild West? (06:01–06:10)

CLAIM

Asserts the introduction of legislation to regulate prediction markets.

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