Prediction market bet ban for members of Congress eyed for bill
Rep. Bryan Steil, R-Wis., talks with reporters outside a meeting of the House Republican Conference in the U.S. Capitol on Wednesday, March 25, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images A Republican House member on Thursday is set to introduce a provision that would ban congressional lawmakers and their families from placing bets on prediction markets on topics including policy, politics, and elections. The provision by Rep. Bryan Steil of Wisconsin is being added to a pending bill that would ban members of Congress from purchasing new shares of individual stocks other than those that are bought with dividends from existing holdings. GOP lawmakers have already promised that the bill, which is backed by House Speaker Mike Johnson, R-La., and President Donald Trump, will get a vote on the House floor. Steil chairs the committee that oversees the rules governing House lawmakers and their staffers. Under Steil’s measure, which his office shared with CNBC, lawmakers who bet on events that they have insider knowledge of would need to pay a fee of …






