NewsDialy
Prediction markets, platforms where traders buy and sell contracts tied to the outcome of real-world events, are now off-limits for certain public employees who work in elections.
Election officials put the restriction in place ahead of the midterms to reassure the public of their commitment to election integrity.
Midterms are the congressional elections held halfway through a presidential term, when House and Senate seats are on the ballot without a presidential race at the top of the ticket.
They draw heavy attention from forecasters and political traders. The mechanism behind a prediction market is worth a brief explanation. Contracts on these platforms pay out based on whether a specified event occurs.
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