Merkley introduces bill banning sports, election gambling. Here's why

[RandySF]

PORTLAND, Ore. (KOIN) – Sen. Jeff Merkley (D-OR) introduced a bill on Thursday aiming to crack down on prediction markets amid concerns that gambling on sports, elections and government activities invite corruption.

Sen. Merkley introduced the STOP Corrupt Bets Act alongside Congressman Jamie Raskin (D-MD).

The bill would ban prediction market betting on elections, government actions, sports and military actions, which the lawmakers note, are not commodities and have “little-to-no value in helping business investments.”

“When anyone can use prediction markets to make a well-timed bet on Congress passing a bill, government decisions, or a military strike, it’s ripe for corruption and erodes public trust,” Sen. Merkley said.





https://www.koin.com/news/politics/merkley-introduces-bill-banning-sports-election-gambling-heres-why/

[Yeller]

1. Gambling and drugs

Have gotten out of control.

The worst is political prediction markets. Throw money directly in to influence voters to vote your side.

This all started awhile ago, and it needs to be stopped somehow. The weed shops, the gambling, all of it.

[malaise]

2. He is correct

Rec

[303squadron]

3. The domino effect of sports gambling

Last year San Diego manager Mike Shildt quit due to “stress” and threats of violence directed at him from gamblers.

Pretty soon managers and coaches will need their own security detail. They could ask Mitt Romney for recommendations.

Another terrible SCOTUS decision!!!!!!!

[Shrek]

4. Kagan and Breyer were in the majority n/t