Congress prediction markets

A House committee superior a invoice Wednesday that will bar all members of Congress from buying and selling sure prediction market contracts, marking the primary time one of many greater than 20 prediction market-related payments launched this yr has obtained public committee debate and moved ahead. The House Administration Committee voted 5-4 to report the…

House Oversight Committee Chairman James Comer (R-Ky.) requested data from Kalshi and Polymarket Friday as a part of a congressional investigation into potential insider buying and selling on prediction market platforms. The requests escalate rising bipartisan scrutiny over whether or not merchants could also be utilizing nonpublic data to revenue on prediction market platforms. The…