Story perspectives

Congress Proposes Ban on Insider Trading in Prediction Markets

4/1/2026

Summary

Story summary

Lawmakers are scrutinizing Kalshi, a prediction market platform, and Polymarket amid insider trading allegations tied to geopolitical events.
Bipartisan legislation has been introduced to bar members of the U.S. Congress from participating in these markets.
State officials argue these platforms should be treated like traditional sportsbooks.
The companies contend their activities fall under the regulation of the Commodity Futures Trading Commission.

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Story summary

Lawmakers are scrutinizing Kalshi, a prediction market platform, and Polymarket amid insider trading allegations tied to geopolitical events.
Bipartisan legislation has been introduced to bar members of the U.S. Congress from participating in these markets.
State officials argue these platforms should be treated like traditional sportsbooks.
The companies contend their activities fall under the regulation of the Commodity Futures Trading Commission.