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◆ Mixed look for CasarEconomy

US Lawmakers Introduce Bill to Crack Down on Prediction Markets War Bets

Casar announced the BETS OFF Act with Senator Chris Murphy and argued against officials profiting from decisions about war.

US Lawmakers Introduce Bill to Crack Down on Prediction Markets War Bets
Image · CoinTelegraph

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Outlet credibilityCoinTelegraph64/100 MEDIUM
This article1 analysis · Oct 8, 2026
Mar 17, 2026
tl;dr

Representatives Greg Casar and Chris Murphy announced the BETS OFF Act, which would restrict prediction-market bets tied to sensitive government functions, after unusual wagers on the timing of a US-Iran war. The article also notes that Senator Adam Schiff recently introduced a separate bill targeting war-related event contracts.

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: ▲ 8 · ◆ 4 · ▼ 6

People in this story

SWIPE →
Greg Casar
D · TX-35

Texas representative and sponsor of the BETS OFF Act

PRIMARY SUBJECT
Christopher Murphy
D · CT · SEN

Connecticut senator and co-sponsor of the BETS OFF Act

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

President whose alleged plan to bomb Iran was discussed by Murphy

Adam B. Schiff
D · CA · SEN

California senator who introduced the DEATH BETS Act

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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