Ashley Hinson proposes ban on prediction market trading for House members

8 articles · Updated · Bloomberg · May 7

The Thursday resolution would amend House rules to bar members, delegates, the resident commissioner, officers and employees from buying or selling contracts tied to specific events.
The measure targets prediction markets, where trades depend on whether defined outcomes occur, extending the proposed prohibition to congressional staff as well as lawmakers.
If adopted, the rules change would impose a chamber-wide ethics restriction on House personnel’s participation in event-based trading markets.

With lawmakers banning themselves from prediction markets, can these platforms survive the coming regulatory crackdown?

Does banning officials from prediction markets weaken their power to accurately forecast important events?