Betting on the Oscars or the Super Bowl halftime show would be banned under new prediction market bill

Sen. Chris Murphy and Rep. Greg Casar Tom Williams/CQ-Roll Call, Inc via Getty Images; Aaron Schwartz/Getty Images Sen. Chris Murphy and Rep. Greg Casar introduced the "BETS OFF Act" to regulate prediction markets. It includes a ban on trades on events where insiders have control or knowledge about the outcome. That applies not just to government actions, but also to things like the Oscars. If two lawmakers on Capitol Hill get their way, making prediction market bets on the Oscars or the Su...