U.S. House Committee Considers Adding Prediction Market Restrictions to Stock Ban Bill

The U.S. House Administration Committee's leading Republican, Bryan Steil, is working to incorporate restrictions on lawmakers' use of prediction markets into the committee's stock ban bill, according to Foresight News. The bill aims to prohibit lawmakers from trading stocks while allowing them to retain existing shares. In January, the committee advanced the Republican-led stock ban bill, which has been stalled for several months despite Republican leaders' intentions to schedule a vote. During a roundtable with reporters on Thursday, Steil expressed his intention to include provisions in the bill that would prevent lawmakers from betting on elections and public policy in prediction markets.