Prediction markets tied to clinical trials and drug approvals draw lawmakers' ire

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Prediction market event contracts on both clinical drug trials and Food and Drug Administration regulatory approvals are drawing attention from two Democratic senators, according to a letter obtained first by CNBC. Sen. Angela Alsobrooks , D-Md., and Sen. Ron Wyden , D-Ore., expressed concern over the related event contracts in a Wednesday letter to Department of Health and Human Services Secretary Robert F. Kennedy Jr . The senators asked what measures HHS has taken to mitigate any risks that may arise from the markets.