US lawmaker introduces bill to ban Congress from betting on politics

U.S. Representative Bryan Steil has introduced a bill that would prohibit members of Congress and their families from profiting from prediction markets on political outcomes. According to The Block, Steil explained that the American people have a right to know their representatives are not using inside information for unfair gain. He added that the legislation is crucial for restoring trust in elected officials, stating that lawmakers should be making policy, not wasting time predicting its results.