Why banning lawmakers from Kalshi is easier than getting them off the stock market

Tech Insider : Politics, Business, Crypto
Sen. Bernie Moreno
A resolution to ban senators from prediction markets, sponsored by Sen. Bernie Moreno of Ohio, easily passed the Senate at the end of April.

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Insider traders are getting caught. It's still not enough for prediction market critics.

Tech Insider : Politics, Business, Crypto
Rep. Greg Casar
"I mean, we just shouldn't have gambling around issues of war and peace," Democratic Rep. Greg Casar of Texas said.

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Senators just banned themselves — and their staff — from trading on prediction markets

Tech Insider : Politics, Business, Crypto
Sens. Katie Britt, Bernie Moreno, and Steve Daines
The resolution, sponsored by Sen. Bernie Moreno (center), passed the Senate via unanimous consent.

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Trump on prediction markets: 'The whole world, unfortunately, has become somewhat of a casino'

Tech Insider : Politics, Economy, Business
Donald Trump
"I don't like it, conceptually, but it is what it is," Trump said.

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America's online gambling addiction is driving young people to bankruptcy court

Tech Insider : Economy, Sports, Business
Young men are sitting on the sofa at home and watching a basketball game. Use your smartphone for sports betting.
Online sports betting has surged in popularity.

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State employees are the latest targets of prediction market insider trading bans

Tech Insider : Business, Crypto
Govs. Gavin Newsom, Kathy Hochul, and JB Pritzker
Three governors have signed executive orders aimed at banning state employees from insider trading on prediction markets.

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Kalshi suspends 3 political candidates for trading on their own elections

Tech Insider : Politics, Business
Kalshi logo
Kalshi said it had issued fines and given a five-year suspension to 3 political candidates who made trades related to their own elections.

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Work on Capitol Hill? Your boss may want to ban you from betting on prediction markets

Tech Insider : Politics, Business, Crypto
Rep. Seth Moulton of Massachusetts
Rep. Seth Moulton of Massachusetts was the first member of Congress to announce a ban on staff trading on prediction markets.

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Kalshi's not having a good time in Ohio

Tech Insider : Sports, Business, Crypto
In this photo illustration, the Kalshi online betting app logo is seen displayed on a smartphone screen.
Kalshi has been fined $5 million in Ohio.

Illustration by Davide Bonaldo/SOPA Images/LightRocket via Getty Images

This billionaire is the odds-on favorite to become California's governor after Swalwell dropped out

Tech Insider : Politics, Business, Crypto
Tom Steyer
Both Kalshi and Polymarket give billionaire Tom Steyer a 55% chance of becoming the next governor of California.

Ronaldo Bolaños / Los Angeles Times via Getty Images

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