DECRYPT · 2026-11-13 21:36 UTC

Should Government Officials Be Banned From Prediction Markets? House Oversight Says Maybe

House Oversight Chairman James Comer is raising the possibility of banning government officials from trading on prediction markets such as Kalshi and Polymarket over insider trading concerns. A staff memo released Friday cites nearly 1,700 pages of documents and five bipartisan briefings from platforms, and recommends restrictions ranging from a full trading ban to narrower limits on contracts tied to government decisions. The memo notes existing insider trading law already covers prediction markets, and credits the platforms with flagging most reported incidents to regulators; it follows a…

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