U.S. Congress has introduced bipartisan legislation to restrict prediction markets that allow individuals to bet real money on political, geopolitical, and societal outcomes. The bills aim to address regulatory gaps that currently allow trading on sensitive topics through speculative markets without sufficient oversight. Lawmakers expressed concerns about the ethical implications and potential security risks these markets pose by enabling wagering on political events and other consequential scenarios. The proposals mark a significant step toward imposing tighter restrictions on these platforms given the absence of comprehensive regulatory frameworks governing prediction markets. If enacted, the legislation would limit or prohibit real-money trading in predictive markets focused on sensitive areas, thus seeking to mitigate associated risks and ethical issues. This legislative effort reflects growing scrutiny regarding the intersection of financial speculation with political and societal event forecasting in the United States.