[Proposed U.S. Bill Seeks to Ban President and Members of Congress from Participating in Prediction Markets] According to Cointelegraph, bipartisan lawmakers in the United States have introduced the 'Preventing Real-Time Exploitation and Deceptive Insider Trading Act,' which aims to prohibit the President, members of Congress, and senior government officials from placing bets in prediction markets. Their spouses and family members would also be subject to the same restrictions. Violators would face a fine of 10% of the total contract value and be required to forfeit all profits. This bill comes at a time when U.S. lawmakers and regulators are increasing scrutiny of prediction markets, particularly contracts related to politics, war, and sports on platforms like Kalshi and Polymarket. Previously, two Democratic lawmakers had introduced the 'Ban on Insider Trading and Federal Functions Event Contracts Act.'