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US Congressman Brian Steele proposed the Stop Congressional Forecasting Act, which aims to prohibit members of Congress, their spouses, and children from betting on forecasting market contracts related to government policies or actions. Violators face a civil fine of $2000 or 10% of the transaction amount (whichever is higher), and all profits must be confiscated. The Government Oversight Project (POGO), a government oversight agency, calls for the ban to cover all officials and staff of the executive, legislative, and judicial branches of the federal government. US Army Special Forces Sergeant Cannon Van Dyke is charged with profiting from betting on Polymarket using military classified intelligence, and the case will be heard on December 7th. The Anti Corruption Data Alliance has tracked and found that over $9.3 million in high-yield bets are related to military actions in Venezuela and Iran. The Stop Insider Trading Act proposed by Brian Steele was passed by the House Executive Committee in January.