Rep. Bryan Steil proposes banning Congress members and families from betting on prediction markets like Polymarket and Kalshi, targeting political

The new proposal on limits on members of Congress making such bets come as scrutiny increases on prediction markets like Kalshi and Polymarket.

Rep. Bryan Steil introduced legislation aimed at preventing lawmakers and their families from profiting from bets on political outcomes.

Rep. Bryan Steil proposes banning Congress members and families from betting on prediction markets like Polymarket and Kalshi, targeting political

The bill is meant to curb potential insider trading, blocking lawmakers and family members from policy-related prediction market bets.

Representative Bryan Steil introduced a bill to prevent members of Congress from “wagering on public policy issues and political outcomes.”

Rep. Bryan Steil's Stop Lawmakers from Predicting Act would bar House members and families from betting on Kalshi and Polymarket.