Lawmakers Press CFTC to Warn Federal Employees About Event Contracts

Democrats press CFTC, ethics watchdog on prediction market insider trading

Prediction markets are facing increasing scrutiny over allegations of insider trading, prompting Kalshi and Polymarket to plan guardrails to curb …

Lawmakers Press CFTC to Warn Federal Employees About Event Contracts

More than 40 US lawmakers have urged regulators to warn federal employees against using insider knowledge in prediction markets, citing suspicious trades and potential violations of the STOCK Act.

Kalshi Campaign Calls Out Key Misconceptions Emanating from Congress

On the same morning that more than 40 Democratic lawmakers pressed the Trump administration to issue guidance barring federal employees from using insider information to trade on prediction markets, Kalshi plastered Washington, D.C. with green billboards. The messages target a number of misconceptions emerging in politically-motivated rhetoric directed at prediction markets. Namely, Kalshi is emphasizing that they already ban insider trading and…

Democrats urge regulators to clarify insider trading ban for

Democratic lawmakers asked for a clear reminder of insider trading bans on prediction market platforms. The request came after concerns of government employees trading on confidential information in these markets. Continue Reading:Democrats urge regulators to clarify insider trading ban for federal...

Ranking Member Angie Craig, Waters, Warren, Klobuchar Exhort Trump Administration to Clamp Down on Insider Trading Using Prediction Markets - Oklahoma Farm Report

House Agriculture Committee Ranking Member Angie Craig (MN-02) led a bicameral letter with Senate Banking Committee Ranking Member Elizabeth Warren (D-MA), Senate Agriculture Committee Ranking Member Amy Klobuchar (D-MN) and House Financial Services Committee Ranking Member Maxine Waters (D-CA-43) to the Commodity Futures Trading Commission (CFTC) and the Office of Government Ethics (OGE), encouraging them to clamp down on insider trading by fed…

Democrats Push for Insider Trading Crackdown on Prediction Markets

More than 40 Democratic lawmakers have formally urged federal regulators to issue government-wide guidance clarifying that insider trading on prediction market platforms such as Polymarket and Kalshi is illegal under existing U.S. derivatives law. Senator Elizabeth Warren, ranking member of the Senate Banking Committee, and Senator Cory Booker of the Senate Agriculture Committee led the effort, co-signing a letter dated March 29 addressed to Com…