U.S. Rep. Maggie Goodlander introduced legislation Wednesday to ban federal officials, elected and appointed, from trading and owning individual stocks or betting on prediction markets like Kalshi or Polymarket. The proposed prohibition includes members of Congress, the president, the vice president, political appointees, Supreme Court justices, and federal judges, as well as their staffs and […]
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The rapidly growing popularity of prediction markets is sparking worries about the markets’ effects on US politics, where campaign staff has bet on its candidate’s electoral performance.