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Committee hears bill to prohibit wagering on political outcomes amid rise in election betting
Summary
Senator Olivera introduced S.1237 to ban wagering on election outcomes, citing billions wagered on the 2024 presidential race and the growth of betting markets that now include legislative outcomes; he and supporters said the measure would protect democratic institutions and noted pending federal bills that could preempt state action.
Senator [Olivera] told the Joint Committee on the Judiciary he filed S.1237 to prohibit wagering on political outcomes after witnesses and data indicated rapid growth in markets that take bets on elections and legislative outcomes.
Senator Olivera told the committee that in 2024 some…
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