A Massachusetts congressman has drawn a red line forbidding his staff from participating in the growing prediction market sector. Seth Moulton announced this week that employees in his office are barred from accessing prediction market platforms such as Kalshi and Polymarket. The policy applies to all staff members, ranging from legislative aides to communications staff, and covers trades tied to politics, policy decisions, and global events.
Several Incidents Have Led to Rising Scrutiny
Moulton framed the decision as an ethical matter. He noted that Congressional offices exist to serve the public, not to wager on the events they help influence. His office believes the ban is the first of its kind on Capitol Hill, as lawmakers face increasing pressure. Prediction markets have quickly evolved into vast platforms offering a broad selection of contracts, including ones tied to policy decisions.
The broader public is growing increasingly concerned that individuals with access to confidential information may exploit it for personal financial gain