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Dave McCormick: “Our legislation restricts any members of Congress any…”

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 06:35

In terms of concerns, you know, in prediction markets, I want to make sure that that concerns about public officials potentially having insight which they take advantage of. So Our legislation restricts any members of Congress any Elected members and also members of the administration above a certain level, Senate confirmed or elected from participating in the prediction markets in any way. That's, that's one of the. Because it's basically insider trading, you would have access to information. Yeah. And the line. (06:35–06:48)

CLAIM

Asserts that the legislation restricts certain officials from participating in prediction markets.

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