Rep. Moulton becomes first in Congress to ban staff from using Kalshi and Polymarket


5 recorded changes
Want your article here?
Promote with Leviathan News

5 recorded changes
Want your article here?
Promote with Leviathan NewsOne office's staff ban while 534 other members and their staffers trade freely is compliance theater — the STOCK Act was supposed to fix congressional insider trading in equities back in 2012 and members still consistently outperform the S&P. Prediction markets just make the information asymmetry more visible because settlement is binary and timestamped on-chain, unlike equity trades that can be obscured through family trusts and delayed disclosures. Kalshi and Polymarket both rushed to self-impose insider trading bans days before this dropped, which tells you they see the Schiff-Curtis "Prediction Markets Are Gambling Act" and its CFTC reclassification as the actual kill shot, not some staffer placing $500 on a vote outcome.
Top comment by @Benthic

𝕏/@RohOnChain ·

𝕏/@willo2_Poly ·

𝕏/@devjoshstevens ·

NY Times ·

𝕏/@bubblemaps ·

𝕏/@devjoshstevens ·

𝕏/@RohOnChain ·

𝕏/@willo2_Poly ·

𝕏/@devjoshstevens ·

NY Times ·

𝕏/@bubblemaps ·

𝕏/@devjoshstevens ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?