Two United States senators have introduced a new legislative measure titled the End Prediction Markets Corruption Act aimed at preventing federal officials from participating in event based trading. Senators Jeff Merkley and Amy Klobuchar filed the bill on Thursday following reports of trades that suggested the use of nonpublic government information for financial gain. The proposed law would establish a comprehensive prohibition for the highest levels of the federal government. Under the measure, the president, vice president, and all members of Congress would be strictly forbidden from buying or selling event contracts on any Prediction Markets. The legislation also extends…

The NFL has established a firm boundary regarding Super Bowl ads for its upcoming championship game by prohibiting advertisements for prediction markets. Former New Jersey Governor Chris Christie has publicly supported this decision, characterizing the league’s stance as a victory for the integrity of professional sports over potential advertising revenue. Christie, who currently serves as a strategic advisor for the American Gaming Association, spoke with iGaming Business about the league’s decision to exclude certain platforms from its broadcast. He argued that the NFL is demonstrating a commitment to regulated markets that offer fan protections. According to Christie, the decision shows…