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◆ Mixed look for CasarEthics / CorruptionEconomy

Senator Chris Murphy, Rep. Greg Casar target insider trading on prediction markets

Casar is backing legislation to prohibit insider betting on prediction markets.

Senator Chris Murphy, Rep. Greg Casar target insider trading on prediction markets
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Outlet credibilityCoinDesk67/100 MEDIUM
This article1 analysis · Oct 8, 2026
CoinDesk
Mar 17, 2026
tl;dr

Sen. Chris Murphy and Rep. Greg Casar are introducing the BETS OFF Act to bar people with advance knowledge from betting on specified events, including government actions and wars. The proposal follows reports of suspicious wagers before U.S. operations in Iran and Venezuela.

Community verdict

18 VOTES
How does this story look for
Greg Casar D · TX-35

Counts every outlet’s report of this story. See all 4

● OPEN
Votes cast on this page

Votes cast on this page: ▲ 0 · ◆ 0 · ▼ 0

People in this story

SWIPE →
Greg Casar
D · TX-35

Representative backing the BETS OFF Act

PRIMARY SUBJECT
Christopher Murphy
D · CT · SEN

Senator backing the BETS OFF Act

Murphy's version of this story ↗
Donald Trump
R · President of the United States

President whose administration Murphy has criticized

Adam B. Schiff
D · CA · SEN

Senator who introduced a related bill

Ritchie Torres
D · NY-15

Representative who introduced an earlier, similar bill

Richard Blumenthal
D · CT · SEN

Senator who introduced a bill targeting insider trading and market manipulation

ALSO MENTIONED  Mike Selig, CFTC chairman

Part of a bigger story

4 OUTLETS
Rep. Greg Casar and Sen. Chris Murphy Introduce BETS OFF Act

Rep. Greg Casar and Sen. Chris Murphy introduced the BETS OFF Act, which would restrict prediction-market bets tied to government actions and other sensitive events. Outlets also link the proposal to suspiciously timed wagers around U.S. actions in Iran and Venezuela. Left-leaning outlets foreground suspected insider profiteering and corruption as the rationale for the bill. Center outlets focus on the proposal’s restrictions and scope, with one article also including statements from Casar and Polymarket.

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