House GOP eyes summer vote on prediction market restrictions for lawmakers

House Republicans plan a summer vote on a congressional stock trading ban and new restrictions on lawmakers’ prediction market activity.

Republicans in the US House of Representatives are moving to add prediction market restrictions to a stalled congressional stock trading ban, as lawmakers scrutinize whether members of Congress should be allowed to wager on elections or public policy.

House Administration Committee Chair Bryan Steil plans to attach prediction market provisions to H.R. 7008, the House’s stalled stock trading ban bill, before it reaches the floor, Bloomberg Government reported Thursday.

Steil said he expects House leaders to schedule a vote on the measure, which would combine stock trading limits with new restrictions on lawmakers’ use of prediction markets.

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