U.S. Representative Bryan Steil (R-Wis.), chairman of the House Administration Committee, has introduced legislation that would bar House members, their spouses and dependent children from participating in prediction markets.
Representative Bryan Steil has put forward a bill called the Stop Lawmakers From Predicting Act, aiming to prohibit House members and their immediate family from engaging in prediction markets. This move comes as part of a broader initiative within Congress to enhance transparency and accountability regarding lawmakers' financial dealings.