Story perspectives

Rep. Moulton Bans Staff from Prediction Markets Amid Scrutiny

3/26/2026

Summary

Story summary

Rep. Seth Moulton (D-Mass.) has banned his congressional staff from participating in prediction markets Kalshi and Polymarket.
He argues these platforms create corrupt incentives that threaten society.
The policy follows congressional scrutiny and legislation to regulate prediction markets, including the Prediction Markets Are Gambling Act introduced by Senators Adam Schiff and John Curtis.
Kalshi and Polymarket have announced measures to restrict insider trading on their platforms.

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Story summary

Rep. Seth Moulton (D-Mass.) has banned his congressional staff from participating in prediction markets Kalshi and Polymarket.
He argues these platforms create corrupt incentives that threaten society.
The policy follows congressional scrutiny and legislation to regulate prediction markets, including the Prediction Markets Are Gambling Act introduced by Senators Adam Schiff and John Curtis.
Kalshi and Polymarket have announced measures to restrict insider trading on their platforms.