Federal workers would be barred from political prediction market bets

What does this do?

This bill would ban certain federal government workers and officials from placing bets on prediction markets when those bets involve government policy, government actions, or political outcomes. The ban applies specifically when those individuals already have inside government information the public cannot access, or when their job gives them a reasonable chance to get such information.

Who does it affect?

The ban covers elected members of Congress, their staff, political appointees, and employees of federal agencies.

Why does it matter?

Without this rule, people with access to non-public government information could have an unfair advantage when betting on political or policy outcomes. For example, a federal employee who knows about a policy decision before it is made public could use that knowledge to profit on a prediction market tied to that policy.

Where does it stand?