Bill Blocks Lawmakers From Prediction Market Bets

Representative Bryan Steil has introduced a bill, the Stop Lawmakers from Predicting Act, designed to prohibit members of Congress and their immediate families from participating in prediction markets. This legislation aims to prevent potential conflicts of interest and the misuse of nonpublic information for financial gain. The bill specifically targets bets on government actions, policies, or political outcomes, addressing growing concerns about the integrity of public service amid the increasing popularity of platforms like Kalshi and Polymarket.