Bill Barring US Lawmakers From Betting on Own Races Won’t Pass Before Midterms

The timing is the story: a measure aimed at the most direct conflict of interest in political prediction markets dies not on its merits but on the calendar, since Congress is out until after the vote it would have governed. That leaves lawmakers free to trade on their own races through the midterms, with prediction-market operators facing no new federal restriction in the interim. Whether the bill is revived in the next session, and whether platforms move first with their own rules, is the open question.