Should Government Officials Be Banned From Prediction Markets? House Oversight Says Maybe

A House Oversight staff memorandum, citing suspicious trades by officials, military personnel and clearance holders, recommends Congress weigh new limits on federal personnel betting on platforms like Kalshi and Polymarket.
Key Takeaways
- A House Oversight staff memorandum, citing suspicious trades by officials, military personnel and clearance holders, recommends Congress weigh new limits on federal personnel betting on platforms like Kalshi and Polymarket.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Adam Back makes case for simpler security as Blockstream launches Bitcoin custody system
Blockstream’s new custody system, developed with Thales, uses dedicated hardware for transaction signing as Adam Back advocates for offline security to reduce cyber risks.

US regulators move ahead on crypto trust charters as Senate scrutiny grows
Coinbase’s trust company received final clearance as lawmakers seek records on crypto firms’ compliance and potential conflicts of interest.
After Mukesh Ambani, India’s Other Telecom Billionaire Targets Elon Musk
First it was Mukesh Ambani. Now India’s other telecom billionaire, Sunil Mittal, has a condition for Elon Musk: Starlink can come, but the power to switch it off stays in India. Last month, Musk mocked Ambani as India’s “real boss” for keeping out Starlink,…