Yesterday we published an article, which touched on the ethical side of betting on platforms polymarket и Kalshi to remove from office or physically eliminate one or another leader of the country. Although American politicians were not on the lists, a new proactive initiative was not long in coming.
Two Democratic lawmakers, Representative Mike Levin (R-S.C.) and Senator Adam Schiff (R-N.Y.), introduced the bill. new bill, which prohibits contracts on the prediction market related to death, war and murder.
They believe such bets pose a threat to national security and ethical standards, as they are fueling the popularity of event-based prediction platforms.
Betting on war and death should be illegal, Levin said.
He added that loopholes in current legislation allow traders to profit from violent events. Schiff echoed this statement and warned that betting on violent events could «create incentives for insiders to profit from confidential information.»
«The stakes for war and death create conditions in which insiders can profit from classified information, which threatens our national security and encourages violence,» Schiff said.
In his opinion, due to the lack of stricter regulations, prediction markets have become a new «Wild West».
Contracts on events involving life-or-death situations have already sparked a public backlash. Last week, the prediction market team polymarket removed a contract that allowed bets on the likelihood of a nuclear weapon detonation.