House Mulls Betting Crackdown After Senate Prediction Market Ban

The Senate’s uncharacteristically swift self-imposed ban on prediction market participation put unexpected pressure on the House to follow suit—but leaders across the Capitol are warning it might not be as easy.

“They’ve got about one-fifth of the number of people that I do to deal with,” Speaker Mike Johnson (R-La.) said of the Senate’s unanimous adoption of a rule change barring lawmakers and staff from participating in prediction markets. Johnson told Bloomberg Government he’d favor such a ban.

“But before we do anything like that, I’ve got to get consensus on it,” he said.

Prediction markets like Polymarket and Kalshi ...