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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US soldier charged in Polymarket trades was blocked from rival platform Kalshi

Tech Insider : Business
A Kalshi advertisement on a bus shelter
Kalshi says its vetting process blocked Gannon Van Dyke from opening an account.

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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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US soldier accused of using military secrets to win over $400,000 on Polymarket

Tech Insider : Business
polymarket bar

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$119 Polymarket bet on Paris' weather turns into $21K after unusual temperature spike, sparking official probe

Tech Insider : Economy, Business, Crypto
The Eiffel Tower in Paris
An anonymous Polymarket trader made a long shot bet on the highest temperature in Paris shortly before an unexplained spike — and reaped a more than $21,000 profit.

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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.

Tayfun Coskun/Anadolu via Getty Images; Lev Radin/Pacific Press/LightRocket via Getty Images; Victor J. Blue/Bloomberg via Getty Images

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.

Davide Bonaldo/SOPA Images/LightRocket via Getty Images

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

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