Lawmakers Introduce a Bill to Ban Elected Officials From Trading on Prediction Markets

Lawmakers introduce a bill to ban elected officials from trading on prediction markets

Senators Kirsten Gillibrand and Dave McCormick have introduced a bipartisan bill to ban elected officials from trading on prediction markets and protect consumers.

Lawmakers Aim to Ban Prediction Market Trades

A bipartisan Senate bill would prohibit federal lawmakers from placing trades on prediction markets.

Exclusive: Bipartisan pair of senators introduces prediction markets bill

Sens. Dave McCormick, R-Pa., and Kirsten Gillibrand, D-N.Y., introduced legislation Thursday that would strengthen the Trump administration’s claim of federal jurisdiction over prediction markets by creating a new regulatory framework. The bill, shared first with Semafor, comes as Commodity Futures Trading Commission Chair Mike Selig argues in courts across the country that his agency should regulate the markets as derivatives exchanges, taking …

U.S. senators representing Michiana work to ban government officials from insider trading on prediction markets

SOUTH BEND, Ind. -- Michigan Democratic Senator Elissa Slotkin and Republican Senator Todd Young of Indiana worked together to introduce new legislation to prevent federal elected officials and some government employees from using ‘insider information’ to bet on prediction markets, like Kalshi or Polymarket.