Democrats Introduce Bill to Ban Polymarket US Prediction Market Contracts

Congress just put prediction markets like Polymarket US and Kalshi directly in its crosshairs, and the market is spooked. House Democrats introduced the ‘Banning Games on Deaths and Elections Act’ this week.It is a bill that would explicitly prohibit event contracts tied to elections, war, and death on platforms including Polymarket and Kalshi. The legislation arrives as scrutiny of insider trading on the…