Bryan Steil seeks prediction market ban for lawmakers
Bryan Steil seeks prediction market ban for lawmakers
Rep. Bryan Steil said lawmakers are working to extend a congressional stock trading ban to prediction markets such as Polymarket and Kalshi.H.R. 7008 would prohibit lawmakers and their families from buying individual stocks and require advance public disclosure of planned stock sales.Congressional scrutiny of prediction markets has intensified as lawmakers and regulators examine insider trading risks, consumer protections, and platform oversight.