Sen. Chris Murphy

Fuck it.

Like, this thing doesn't work any longer.

It now clearly doesn't work because we have an elected president who is just stealing from us.

I'm just going to walk away from the whole enterprise.

And when people give up, right, when people just retreat from public action, that's the moment that the oligarchs seize power and never give it up.

So, yes, the reason that I have been sort of raising –

The unacceptability of the corruption, right, raising for people the fact that it is abnormal, that we should not normalize it, is because I think Trump's core case here is in and if he is successful in normalizing it, it may be the death blow to people's faith in the entire Democratic enterprise.

More from Senator Chris Murphy in a minute.

No, it definitely hasn't left the station.

And you're right.

I mean, these prediction markets are designed to make insiders and powerful people filthy rich.

So what the Bets Off Act essentially does is say,

Anytime, first of all, you can't bet on government action, right?

Just period, stop, right?

Nobody should be able to make money off of war or famine.

You can't bet on government action.

But second, you also can't bet on an event where there is one person who controls and knows the outcome.

Because in almost every case where those bets are offered, you know, bets as benign as what a celebrity is going to say on the Jimmy Fallon show that night,

The bet is controlled by a powerful person, meaning the powerful person and anyone who surrounds the powerful person knows the outcome of the bet, can place wagers that they know will make money on the bet.

It's rigged and only and always rigged in favor of the rich and the powerful.