Democratic lawmakers have introduced the BETS OFF Act, a bill banning prediction markets related to sensitive government actions, such as terrorism, war, and assassinations. Senator Chris Murphy and Representative Greg Casar argue that such markets allow insiders and those close to the government to profit from advance knowledge of U.S. decisions, which they label as fundamentally corrupt. They cite examples, including bets on U.S. military actions and suspicious activity surrounding events like Nicolas Maduro's arrest, suggesting possible insider trading linked to the Trump administration. The bill would prohibit wagers on any non-economic events influenced by government action, such as outcomes of entertainment events, and targets both participants and operators of these markets, even abroad. Lawmakers express concerns that prediction markets could incentivize corrupt decision-making and allow foreign entities to anticipate U.S. government moves. The introduction follows other legislative efforts aimed at reining in prediction markets, with ongoing scrutiny of crypto assets and proposals to stop politicians from endorsing digital ventures. Murphy and Casar criticize the Trump administration and related business interests for enabling and profiting from such activities.