According to Cointelegraph, a Republican lawmaker has introduced a bill aimed at restricting insider trading in prediction markets. The proposal is framed around activity on prediction-market platforms, but the reported title states that White House officials are not included in the ban.
The bill does not specifically prohibit members of the US Congress from using prediction-market platforms. It also does not specifically block them from making sports bets. Instead, the restriction described in the report is directed at policy wagers.
Based on the available summary, the measure is not presented as a blanket ban on congressional use of prediction markets. Its stated focus is narrower: prohibiting wagers tied to policy matters. The report does not provide the lawmaker’s name, the full bill text, or details on the next step in the legislative process.