🚀 U.S. Democrats Propose BETS OFF Act to Restrict Certain Wagers

U.S. Democrats have introduced the BETS OFF Act, aiming to prohibit wagers on events where the outcome is already known to bettors, such as war, terrorism, assassination, and government actions. According to NS3.AI, the legislation seeks to empower the Commodity Futures Trading Commission (CFTC) to prevent contracts linked to these sensitive areas. This proposal comes in response to reports of significant bets placed prior to U.S. operations in Venezuela and Iran.

#BETS OFF Act #Democrats #Wagers #CFTC #Legislation #Venezuela #Iran #War #Terrorism #Assassination #Government Actions #NS3.AI

🚀 P2P.me Apologizes for Placing Bets on Its Own Fundraising

P2P.me has issued an apology for engaging in wagers on Polymarket related to its own fundraising activities, specifically the MetaDAO raise. According to NS3.AI, the trades resulted in a profit of less than $15,000. MetaDAO has announced plans to facilitate refunds before the public fundraising round concludes on Tuesday. Sources familiar with the situation revealed that P2P.me's major investors were not informed about these wagers. Polymarket had recently updated its rules to prohibit trading by individuals who could potentially influence the outcome of an event.

#P2Pme #apology #bets #Polymarket #MetaDAO #fundraising #refunds #NS3AI #investors #tradingrules