Washington, May 5 -- Representative Gabe Vasquez issued the following press release:
U.S. Representative Gabe Vasquez (NM-02) is renewing his push to close regulatory loopholes for prediction markets and ensure people are not using the platforms to profit off events that go against the public interest or take advantage of non-public information.
Rep. Vasquez recently supported the bipartisan Event Contract Enforcement Act (https://www.congress.gov/bill/119th-congress/house-bill/7840/cosponsors?s=2&r=5), a bill to prevent billion-dollar prediction market companies from profiting off unregulated bets on sports and certain world affairs. Specifically, the bill specifically prevents people from placing bets on terrorism, assassination, war, ...