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U.S. Senators express concern over prediction markets related to clinical trials and FDA approvals

CNBC · ·by G4L

  1. 1Senators Angela Alsobrook and Ron Wyden sent a letter to the Secretary of Health and Human Services (HHS) on Wednesday.
  2. 2The senators expressed concern regarding prediction market event contracts related to clinical drug trials and FDA regulatory approvals.
  3. 3The senators requested actions from the HHS to mitigate market risks.

So what's the key point?

U.S. lawmakers sent a letter expressing concern about markets where people bet on the results of drug trials or regulatory approvals. They have asked the government to take steps to reduce risks in these markets.

Source CNBC · View original ↗

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