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flag Lawmakers propose new laws to regulate prediction markets amid concerns over sports betting and insider trading.

flag A surge in prediction market activity, with nearly $64 billion wagered last year, has prompted bipartisan lawmakers to introduce new legislation targeting concerns over sports betting and insider trading. flag These platforms allow users to bet on future events, including sports outcomes and celebrity milestones, raising worries about financial integrity and market manipulation. flag The proposed laws aim to impose stricter oversight and safeguards to protect consumers and ensure fair practices in the rapidly expanding industry.

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