House holds off on prediction market ban despite bipartisan calls for prohibition
The House of Representatives is facing increasing pressure to ban prediction market betting among its members and staff. This comes amid concerns about insider trading, particularly after reports of lawmakers profiting from confidential information. Despite bipartisan support for a ban, no rule changes have been implemented yet, with leadership citing the need for consensus.
- ▪House lawmakers are considering a ban on prediction market betting due to concerns about insider trading.
- ▪Recent incidents have highlighted the potential for abuse, including a soldier profiting from classified information.
- ▪Bipartisan support exists for a rule change, but the House has not yet acted on it.
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| Original publisher | NPR — News |
| Canonical URL | https://www.npr.org/2026/05/19/g-s1-121820/house-holds-off-on-prediction-market-ban-despite-bipartisan-calls-for-prohibition |
| Publication time | Tue, 19 May 2026 05:00:00 -0400 |
| Retrieval time | 2026-05-19T09:09:57.431Z |
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Politics House holds off on prediction market ban despite bipartisan calls for prohibition May 19, 20265:00 AM ET Luke Garrett FILE - The prediction market app Kalshi is displayed on a mobile phone, April 16, 2026, in Chicago. (AP Photo/Erin Hooley, File) Erin Hooley/AP/AP hide caption toggle caption Erin Hooley/AP/AP Unlike Senate members and staff, House lawmakers and staff can still bet on prediction markets — where billions are bet each week on sports, culture, policy and elections. But a growing number of House lawmakers are calling for a rule change to bar the lower chamber from using prediction markets as reports of insider trading mount.
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