House Democrat bans staff from betting on prediction markets, citing ethics concerns

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Fox News Flash top headlines are here. Check out what's clicking on FoxNews.com. Democratic Rep. Seth Moulton of Massachusetts has banned staffers from betting on prediction markets on issues pertaining to politics and any information obtained in an official capacity. "Congressman Seth Moulton (MA-06) today became the first Member of Congress to institute an office-wide policy prohibiting staff from participating in prediction market platforms—such as Polymarket and Kalshi—to trade or hold positions on political, legislative, regulatory, geopolitical outcomes, or any information that is learned in an official capacity," a Wednesday press release asserted. Prediction markets allow people to wager on what they expect to happen in the future on a vast array of topics, touching upon areas such as sports, business, politics, world affairs and pop culture.