House GOP Targets Kalshi, Polymarket in H.R. 7008 Stock Ban Push
Updated
Updated · Bloomberg · Jun 4
House GOP Targets Kalshi, Polymarket in H.R. 7008 Stock Ban Push
3 articles · Updated · Bloomberg · Jun 4
Summary
House Administration Committee Republicans are drafting restrictions on lawmakers’ use of prediction markets, bringing Kalshi and Polymarket into the panel’s stock-ban effort.
The move would fold those limits into H.R. 7008, the GOP-led bill the committee advanced in January and now aims to pass this summer.
H.R. 7008 has stalled for months after Democrats criticized it as watered down because it would bar new trades while letting members keep existing stock holdings.
A floor vote has been promised by Republican leaders, and the added prediction-market curbs broaden the bill beyond traditional stock trading by lawmakers.