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.

Al Drago/Bloomberg via Getty Images

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

What bets are lawmakers and staffers making on prediction markets? They don't have to say.

Tech Insider : Politics, Business
Sens. Todd Young and Elissa Slotkin
A new bill from Sens. Todd Young and Elissa Slotkin would amend government ethics rules to require disclosure of trades made on prediction markets.

Daniel Heuer/Bloomberg via Getty Images; Spencer Platt/Getty Images

Arizona's criminal case against Kalshi was halted by a federal judge after the Trump administration stepped in

Tech Insider : Business, Crypto, Politics
Michael Selig, in a black suit and blue tie, speaks from behind a podium against a purple background
CFTC chairman Michael Selig

CFTC via Getty Images

One of Kalshi's fastest-growing markets is about tech layoffs, cofounders say

Tech Insider : Business, Crypto, Sports
Kalshi
"I think it's an important market, because people should know and position accordingly," Kalshi CEO Tarek Mansour said.

Nikolas Kokovlis/NurPhoto via Getty Images

The 4 biggest differences between Kalshi and Polymarket

Tech Insider : Business, Crypto, Sports
Kalshi and Polymarket logos
The two major prediction market platforms are often mentioned in the same breath. But there are some big differences between Kalshi and Polymarket.

Thomas Fuller/SOPA Images/LightRocket via Getty Images

California's top lawyer explains why he hasn't sued Kalshi like Nevada and Arizona

Tech Insider : Business, Crypto, Sports
Rob Bonta, California's attorney general, wearing a suit and blue tie, holds his hand to his chin while seated at a table looking toward the camera
California Attorney General Rob Bonta

Bloomberg/Getty Images

A federal regulator said he's coming for insider traders in prediction markets

Tech Insider : Business, Crypto, Sports
A Kalshi advertisement on a bus shelter

Bloomberg/Getty Images

Here are the 7 ways lawmakers are trying to tackle the prediction market boom

Tech Insider : Politics, Business, Sports
Capitol dome
From banning lawmakers from using Polymarket and Kalshi, to getting rid of sports trades, to everything in between, lawmakers have a variety of proposals for prediction markets.

J. David Ake/Getty Images

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