Bill Would Bar Public Officials From Betting on Polymarket and Kalshi Using Inside Information

A bipartisan bill was proposed to the US Senate to bar public officials from betting on prediction markets with nonpublic information.

The prohibition would cover agency employees, regulators, congressional staffers, lawmakers, and the president.

Penalties would start at $500 and could reach twice the profit from successful bets.

Sponsors cited operational security and the risk that large bets signal imminent military action.