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Democrats demand White House action on staff prediction market betting

By PulseAugur Editorial · [1 sources] ·

Democratic senators Elizabeth Warren and Jeff Merkley are urging the White House to implement stronger safeguards against employees using nonpublic government information for prediction market bets. This action follows a report of a former Trump aide allegedly profiting significantly from such trades, leading to a settlement with the CFTC. The senators are seeking details on training, past investigations, and preventative measures to address potential abuses of power and conflicts of interest. AI

RANK_REASON Policy discussion and regulatory scrutiny regarding prediction markets and potential insider trading by government staff. [lever_c_demoted from significant: ic=1 ai=0.1]

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Democrats demand White House action on staff prediction market betting

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4 / 100
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Research
Policy discussion and regulatory scrutiny regarding prediction markets and potential insider trading by government staff. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Camila Grigera Naón ·

    Democrats press White House on prediction market betting by staff

    The inquiry builds on a July case involving Trump’s teleprompter operator, who allegedly made $100,000 betting on his speeches.

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