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Senators Launch New Effort to Ban Federal Elected Officials Profiting from Prediction Markets
(www.merkley.senate.gov)
this post was submitted on 08 Mar 2026
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Wondering if it's because the law is taken so literally in the US, instead of being in the "spirit" of the law. So if it's too broad or vague, someone will use a loophole.
I’m not sure we have laws. It depends heavily on who you are whether or not they are enforced. They are more notional generalisms of what we think the law ought to be rather than what it actually is.
They will have their spouse who just casually gambles place the bet. The Ol' Pelosi as I like to call it.
Debating letter vs spirit of law is a symptom of a shittily written law.