House holds off on prediction market ban despite bipartisan calls for prohibition
By Luke Garret Unlike Senate members and staff, House lawmakers and staff can still bet on prediction markets — where billions are bet each week on sports, culture, policy and elections. But a growing number of House lawmakers are calling for a rule change to bar the lower chamber from using prediction markets as reports of insider trading mount. The push is in part a response to concerns that key decision makers and their staff can use insider information from their careers in government to bet in prediction markets and profit. In April, prosecutors charged a U.S. soldier with using