US News Live | Chris Murphy Exposes Donald Trump’s Family Corruption On Prediction Markets
US News: Senator Chris Murphy is sounding the alarm on what he calls dangerous and unethical practices tied to prediction markets, while also taking aim at alleged links to Trump’s family profiting from these high-stakes platforms amid the escalating Iran war.
In a major move on Capitol Hill, Murphy, alongside Representative Greg Casar, has introduced a new bill aimed at banning bets on military operations and sensitive government decisions. The legislation comes after controversial, well-timed wagers ahead of U.S.-Israeli strikes in Iran and operations in Venezuela, raising serious concerns about legality, insider knowledge, and potential corruption.
“Our legislation is pretty simple,” Murphy said. “These markets cannot allow people to bet on government decision-making… especially when a single individual may control or know the outcome.”
The proposal targets fast-growing platforms like Kalshi and Polymarket, where users can currently place bets on real-world events — including military strikes and economic policy decisions.
Murphy also delivered a powerful moral warning, questioning the broader impact of turning global crises into profit opportunities:
“What happens to us spiritually when every moral question becomes a market? Don’t we lose something?”
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