Brian Stile, chair of the House Administration Committee, has announced that the insider trading legislation, H.R. 7008, will be revised to address prediction markets such as Polymarket and Kalshi. The proposed amendments seek to impose a total prohibition on members of Congress, their spouses, and children from participating in these platforms. Violators would face penalties of $2,000 or 10% of the transaction value, along with the forfeiture of any profits gained.
NewsRegulation
Proposal to Limit Prediction Markets for Congress Members in the U.S.
A new proposal seeks to ban Congress members and their families from using prediction markets, imposing strict penalties for violations.
Mercation Admin
June 5, 2026 1 min read
