Episode Details
Back to Episodes
Congressman Pushes Ban on Lawmakers Betting on Elections
Description
Congressman Bryan Steil is spearheading a bold new push to ban lawmakers from betting on political events, targeting prediction markets like Kalshi and Polymarket to prevent even the appearance of profiting from insider knowledge. While the Senate has already barred senators and staff, the House wants to codify this as law, tying it to a broader stock trading ban already passed through committee. Steil also seeks to ensure U.S. prediction markets are properly regulated under the CFTC, with companies like Kalshi already backing the Senate’s stance and taking steps against insider trading. His legislation is set to be introduced soon, though broader market regulations may require more time and cross-committee collaboration.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/37e5795928816411