Another piece of bipartisan legislation, introduced Tuesday in the House, would restrict federal government officials from participating in prediction markets. “They’re more worried about protecting their monopolies than protecting consumers.”It’s true that the bills restricting prediction markets would benefit the incumbent gambling industry. Anna Moneymaker via Getty ImagesAnother Utah Republican, Rep. Blake Moore, cosponsored a bipartisan bill earlier this month to disallow prediction markets in sports, wars, assassinations and terrorist attacks. Tonko told HuffPost he hopes the interest in prediction markets will lead to more interest in the underlying issue. AdvertisementDespite the bipartisan interest in curbing prediction markets, it’s not clear how soon Congress could act.

Source: Huffington Post March 27, 2026 06:47 UTC