Overview
- Rep. Ashley Hinson introduced a resolution to change House rules to prohibit members and staff from using prediction markets such as Polymarket and Kalshi.
- The Senate already adopted its own chamber rule by unanimous consent that bars senators and staff from buying or selling contracts tied to event outcomes.
- Rep. Dina Titus filed a separate House measure that would impose a similar ban but would allow sports wagers and urges the other branches to adopt parallel limits.
- Kalshi announced new identity checks that include default face ID for eligible users, stronger two‑factor tools for parents, and selfie requests to confirm accounts, and it said it is implementing safeguards outlined in a new bipartisan Senate bill.
- Regulatory lines are also in dispute as the CFTC’s chair defended the agency’s claim of exclusive federal oversight, and a Senate Commerce hearing later this month will examine sports betting with prediction markets on the agenda.