Washington, March 16 -- Representative Blake Moore issued the following press release:
Representatives Blake Moore (R-UT) and Salud Carbajal (D-CA) introduced bipartisan legislation to ensure event contracts can continue to serve legitimate business interests while protecting Americans from the safety and national security risks of dangerous or otherwise problematic event contracts.
Event contracts are longstanding financial instruments that many industries, particularly farmers, use to hedge against potential losses. In recent years, prediction markets have sponsored contracts related to topics that expose our country to national security, public safety, or insider trading risks by creating incentives for insiders to leak or profit from ...