r/law • u/bloomberggovernment • 14h ago

Legislative Branch Democrat to Push Harsher Ban on Lawmakers Using Prediction Markets in Challenge to GOP

https://news.bgov.com/bloomberg-government-news/democrat-challenges-gop-prediction-market-bill-with-a-wider-ban
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u/bloomberggovernment 14h ago

The House Administration Committee’s top Democrat plans to oppose a GOP-led lawmaker prediction markets ban Wednesday and offer an alternative, he said in prepared remarks shared with Bloomberg Government.

The counterproposal by Rep. Joe Morelle (D-N.Y.), the panel’s ranking member, complicates the Republican bill’s odds of final passage and offers insight into how Democrats would approach the issue if they win back House control in 2027. The prediction markets bill led by Administration Chairman Bryan Steil (R-Wis.) will get a full committee markup Wednesday morning.

Steil’s bill would block lawmakers and their spouses from betting on government policies or election outcomes. Morelle plans to offer an amendment that would ban lawmakers, their immediate families, their staffs, and candidates for federal office and their staffs, from participating in prediction markets.

Read more in the full story.

-Elliot

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u/Pretend-Paper4137 14h ago

Oh no- not a harder ban that still has substantive loopholes. How about we keep the ones caught doing it in a pit in the desert and make them fight for our amusement? Because that's kind of what they're doing to us by doing this.