Global marketsUpdated 1h ago

House Oversight calls for limits on officials’ prediction bets.

A House Oversight staff memo is what puts this on Congress’s desk. It cites trades it describes as suspicious involving officials, military personnel and people with security clearances, then recommends lawmakers weigh limits on federal personnel betting on prediction markets. A ban is among the options. The reporting names Kalshi and Polymarket as examples of prediction-market platforms. For now, Congress is being asked to consider a restriction, not follow one. And “suspicious” is the memo’s description of the trades, not a finding that anyone broke the rules.

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