[Democratic Lawmakers Propose Bill to Ban Officials from Using Insider Information in Prediction Markets] According to CoinDesk, U.S. Senator Chris Murphy and Representative Greg Casar have introduced a new bill called the BETS OFF Act, which seeks to prohibit government officials from placing bets in prediction markets while in possession of insider information. The bill specifically targets actions related to alleged insider trading involving U.S. operations in countries like Venezuela and Iran, aiming to restrict officials from profiting off sensitive policy and military information.