House measure would ban lawmakers and staff from betting on prediction market

The House could follow the Senate’s lead and ban representatives and its staff from trading on prediction market platforms.

Rep. Ashley Hinson (R-IA) introduced a resolution on Thursday that would amend House rules to prohibit members and their staff from placing bets on the occurrence of specific events on prediction market platforms, such as Polymarket or Kalshi.

Hinson, who is running for Senate, called on House GOP leadership to bring the measure to the floor “immediately.” The House is on recess until May 12.

The Washington Examiner has reached out to Speaker Mike Johnson’s (R-LA) office for comment.

“Members of Congress shouldn’t be able to use insider knowledge to make a profit,” Hinson said in a statement. “We should take immediate action to ensure DC politicians can’t make money off of policies they are influencing.”

Hinson’s resolution also calls on both the White House and the judicial branch to establish