Moulton bans staff from trading on prediction markets
Quick Insights
The Bottom Line
Rep. Moulton bans congressional staff from trading on prediction markets over conflict-of-interest concerns.
AI Summary
Rep. Seth Moulton (D-Mass.) has implemented an office-wide ban prohibiting his congressional staff from trading on prediction markets like Polymarket and Kalshi, effective immediately. The move comes as prediction markets face increased congressional scrutiny over potential conflicts of interest and whether such trading amounts to illegal wagering on policy outcomes. Moulton's staff restriction is stricter than current federal law, which permits members of Congress and their staff to trade on prediction markets under certain conditions. The ban reflects broader concern among lawmakers about whether elected officials or their staffers should profit from bets on legislation, elections, or other events within their influence. The action may signal growing political pressure on both parties to regulate or restrict prediction market participation by congressional offices.
What's Being Done
Rep. Moulton implemented an office-wide ban on prediction market trading by his staff, stricter than current federal law.
Following this story?
Get notified when new coverage appears
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
PoliticsKalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets - AP News
<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxPOUpIVzlFaHRHY0x4S196bU9WSTBhQS13SjZsU0swMk9Pc3RfdklQYlkwdndRTU5oaEtqeVZkRlhXRW1ORDEwcmhOTjJkdmhILTdFcW9IUEpVVVluQXNsZnFUT1BaRV9FMnJQXzRPaFpHaTExUXFVV3RCcWpBaHlXc3FKZUwzSmlaZ2wtUzRRRHFBb0dQRlVld25GdGVLSXJBdVVvSmV5T2xZZDB0M05GRndoWU9tZlNEbXMtc2tIdlI?oc=5" target="_blank">Kalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets</a> <font color="#6f6f6f">AP News</font>
PoliticsKalshi and Polymarket ban insider trading as senators look to curb prediction markets
<p>Top prediction market sites usher in new guardrails after senators introduced bill that could limit booming industry</p><p><a href="https://www.theguardian.com/business/2026/feb/10/kalshi-super-bowl">Kalshi</a> and <a href="https://www.theguardian.com/society/ng-interactive/2026/jan/30/polymarket-prediction-markets-betting">Polymarket</a>, the two biggest prediction market sites, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators <a href="https://www.theguardian.com/us-news/2026/mar/23/bipartisan-senate-bill-sports-betting-ban">announced</a> legislation that could severely curtail the industry’s prospects.</p><p>Kalshi said it would ban political candidates from trading on their own campaigns, and it would pre-emptively block anyone involved in college or professional sports from trading contracts related to the sports they play or are employed by.</p> <a href="https://www.theguardian.com/technology/2026/mar/24/kalshi-polym...
PoliticsLawmakers ramp up fight against sports betting on prediction markets
The political battle over sports betting on prediction markets is heating up as professional leagues dive deeper into the national gambling frenzy. Lawmakers in both parties are attempting to stifle the growing popularity of sports betting on prediction markets as a top Trump administration regulator champions the new and controversial platforms. An unlikely coalition of…
PoliticsExclusive | Lawmakers to Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets - WSJ
Civil RightsABC staff strike: BBC content to replace flagship shows, including 7.30 and AM
<p>Triple J will air without presenters while ABC News Breakfast is not expected to air as staff walk off the job to protest pay and conditions</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/mar/24/australia-politics-live-fuel-crisis-cost-of-living-petrol-diesel-rationing-question-time-anthony-albanese-angus-taylor-pauline-hanson-one-nation-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p><a href="https://www.theguardian.com/media/article/2024/aug/28/weekly-beast-email-austrailan-media-diary-free-newsletter-subscribe-sign-up?CMP=cvau_sfl">Sign up for Guardian Australia’s free weekly media newsletter here</a></p></li></ul><p>The ABC’s flagship news programs including 7.30 and AM will be replaced by the BBC World Service when ABC journalists walk off the job for 24 hours for the first time in 20 years on Wednesday.</p><p>Staff are protesting what they say is a low pay offer from the ABC managing director, Hugh Marks, as wel...
Government TransparencyVoice of America staffers sue, alleging Kari Lake put on propaganda
Voice of America staffers are suing Trump administration official Kari Lake, alleging she put pro-Trump propaganda on its airwaves. She has lost numerous rulings of late.
Your data is everywhere. The government is buying it without a warrant
Data brokers buy up huge amounts of information from cell phones and browsers to sell for targeted advertising. But the government, including ICE, also buys the data.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Fentanyl found inside Barbies sold at Missouri discount store, police say
US moves to soften capital rules: ‘Big banks can declare mission accomplished’
Senate deal reached to cap insulin costs
Pentagon's limits on press access unconstitutional, US judge rules - Reuters
Iran built a vast camera network to control dissent. Israel used it to track targets, AP sources say
