Insider traders are getting caught. It's still not enough for prediction market critics.

Insider traders are getting caught. It's still not enough for prediction market critics.

"I mean, we just shouldn't have gambling around issues of war and peace," Democratic Rep. Greg Casar of Texas said.Stefani Reynolds/Bloomberg via Getty ImagesInsider traders on both Kalshi and Polymarket have been caught recently.But the prediction market industry's critics on Capitol Hill still say they want a crackdown.AOC said that enforcement actions were being taken to "preempt any federal action."If you thought nabbing a few insider trader…

Senate unanimously bars members from trading on prediction markets

The Senate passed a resolution Thursday by unanimous voice vote banning its members from using prediction markets, a rare bipartisan move driven by insider-trading fears and a fresh criminal case involving classified intelligence used to place bets on a platform millions of Americans now use. Sen. Bernie Moreno, the Ohio Republican who introduced the measure...

Sen Bernie Moreno Introduces Resolution to Amend Senate Rule XXXVII Prohibiting Senators from Entering Event Contracts

Sen. Bernie Moreno (R-OH) introduced a resolution on or around April 24, 2026, that would amend Senate Rule XXXVII to prohibit senators from entering contracts or transactions including on prediction markets like Polymarket or Kalshi whose payout depends on the occurrence or non-occurrence of a specific event. Moreno framed it explicitly as a ban on […] The post Sen Bernie Moreno Introduces Resolution to Amend Senate Rule XXXVII Prohibiting Sena…

Prediction markets under pressure to crack down on rogue bettors and stop insider trading

NEW YORK (AP) — A soldier betting on an operation to oust Venezuela's leader. Politicians gambling on their own elections. Massive bets on the president announcing a ceasefire with Iran right before he actually did.

Senate bans prediction market trading for lawmakers, staff in unanimous vote

The U.S. Senate has moved quickly to prohibit its own members from trading on prediction markets, citing growing concern over insider advantages and ethical gray areas tied to the fast-expanding platforms. In a unanimous April 30 vote, lawmakers approved a rule barring senators, staff, and Senate officers from participating, with immediate effect. Rising scrutiny over prediction market access Pressure had been building as watchdogs and policymak…