Rep. Seth Moulton Bans Congressional Staff from Using Prediction Markets

AI Summary

Rep. Seth Moulton announced a policy prohibiting his congressional staff from engaging with prediction market platforms like Kalshi and Polymarket. He stated that this policy is the first of its kind on Capitol Hill, emphasizing the need for officials to serve constituents rather than profit from policy decisions. The announcement comes amid legislative scrutiny over prediction markets, which some lawmakers fear could allow insider trading. Moulton co-sponsored a proposal to prevent elected officials from betting on insider information.