Lawmakers have introduced a flurry of measures to rein-in prediction markets in recent weeks, as the platforms have come under increased scrutiny.

A proposed bill would bar members of Congress, the president and other executive branch officials from trading on political events.

Sens. Adam Schiff (D-Calif.) and John Curtis (R-Utah) said they are optimistic their bill has enough bipartisan support to pass in Congress.

Lawmakers have introduced a flurry of measures to rein-in prediction markets in recent weeks, as the platforms have come under increased scrutiny.

But members of Congress aren't interested in slowing the surge of online betting that's invaded professional sports.