U.S. House of Representatives News & Prediction Market Coverage
Track the latest U.S. House of Representatives news across prediction markets. Prediction News is following 9 active U.S. House of Representatives stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
House hearing exposes divide over sports event contracts classification
LegalGaming groups AGA and IGA join push for Senate sports-contract ban
LegalHouse panel advances bill barring Congress from Kalshi and Polymarket
LegalNine House Democrats ask FTC to investigate prediction market platforms
LegalDraft defense bill would bar US troops from prediction market bets
TradingNinth Circuit denies Kalshi and Polymarket preemption shield as House opens insider-trading probe
LegalKalshi adds Trump ally Budowich to Coalition for Prediction Markets as second lobbying arm
LegalSchumer presses House and White House to adopt Senate prediction market ban
LegalSenate unanimously bans members and staff from trading on Kalshi and Polymarket
Frequently Asked Questions
Has the House introduced a bill banning members from prediction markets?
Yes, a House Republican introduced legislation on June 18 to bar House members, spouses, and dependent children from wagering on prediction markets, with penalties for violations.
Is there a House probe into insider trading on prediction markets?
Yes, House Oversight Chairman James Comer opened a congressional probe into alleged insider trading on Kalshi and Polymarket, with a June 5 document deadline for the platforms.
What have House Democrats done about prediction markets?
Nine House Democrats asked the FTC on June 4 to investigate prediction market platforms over consumer-protection concerns.
Does a defense bill affect prediction market use by the military?
A draft defense policy bill would bar U.S. troops and Pentagon civilian employees from using prediction markets to bet on global events.
Has the House acted on a Senate prediction market ban?
Senate Majority Leader Chuck Schumer has urged the House to adopt a ban on members, staffers, and government officials trading prediction markets.