US Lawmakers May Be Banned From Betting on Kalshi and Polymarket

Crypto Insight Summary: Representative Bryan Steil introduced the Stop Lawmakers from Predicting Act on June 18. The bill bars members of Congress, their spouses, and dependent children from wagering on government policy and political outcomes through prediction markets. The Wisconsin Republican chairs the House Administration Committee. His bill responds to mounting concerns surrounding reported insider trading on these Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: The bill targets traditional prediction markets, not crypto markets.