Emanuel Proposes Ban on Prediction Market Betting

0:00On March 23rd, Rahm Emanuel, a potential Democratic candidate for President in 2028, is pushing a broad ban on prediction market. Betting for all federal employees and their families, the rule would cover leaders and workers in the executive, legislative, and judicial branches. He argues that tackles a growing culture of corruption in American politics. Emanuel plans to create a special division inside the Justice Department to investigate illegal betting tied to government insiders. He points the cases where people with inside info profited from wagers on national security matters, calling it unfair to public servants who risk their lives. The 66-year-old Emanuel brings deep Washington experience as a former Illinois congressman, Barack Obama's White House Chief of Staff, two-term, Chicago Mayor and U.S. Ambassador to Japan. He says the Capitol has grown numb to ethical lapses since the Trump years, now traveling to overlooked communities from Michigan to Mississippi, Emanuel pitches this as part

1:02of a bigger cleanup effort. He wants Congress to pass the ban but is open to using executive action if needed. These ideas aim to jolt politics back to long-standing ethical standards, positioning Emanuel early in the 2028 race amid competition, from governors like Gavin Newsom and Josh Shapiro. I'm Cory with the story, that's your Global News Update, AI-powered and always on.