Sen. Blumenthal Announces Bill To Regulate Prediction Markets

WASHINGTON, March 12, 2026 – Are you hoping to bet on the next drone strike in the Iran war? Sen. Richard Blumenthal , D-Conn., thinks you shouldn’t.

On Wednesday, the Senator introduced the “Prediction Markets Security and Integrity Act” a bill that would regulate prediction markets to ban “wagers on war, crack down on insider trading, and protect consumers from fraud” according to the announcement.

“Prediction markets have become a haven for insider trading, market manipulation, and underage gambling. These billion-dollar businesses are turning war into a casino game, and creating a market for national security leaks**,”** said Blumenthal in a statement.

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