Tell Congress: Ban Betting on Government Secrets and Policy

A White House insider reportedly made more than $100,000 on Kalshi by betting on what Donald Trump would say — because he helped put the words on the teleprompter.

Government insiders have already been accused of using privileged information to cash in. Federal prosecutors charged a U.S. soldier with allegedly using classified information from a covert Venezuela operation to win more than $400,000 on Polymarket. 

Iran-related war markets have also raised red flags. And if Congress does not act, the next scandal could involve any government decision that moves money or power.

But bets made with secret knowledge aren't the only threat. And rules against insider trading aren't enough. When powerful people and their allies can profit from government policy, those profits can dictate decisions and change the course of history.

We can't let that happen. Tell Congress right now: Ban betting on government secrets, official actions, and public-policy outcomes on Kalshi, Polymarket, and other prediction markets.

Any nonpublic government information can become a betting edge when public policy is on the table for gamblers.

Civil servants, contractors, political staff, military personnel, lobbyists, and well-connected insiders should never be able to profit from information the public does not have.

These markets also invite interference. When people can make money from a policy outcome, they have a reason to spread disinformation, pressure officials, threaten reporters, or try to move the decision themselves.

Congress must close the loopholes, strengthen enforcement, and stop government secrets and public policy from being used as gambling chips.

Add your name now and demand Congress ban betting on government secrets and policy before more insiders profit from public power.

The petition to Congress reads:

“Ban betting on government secrets, official actions, and public-policy outcomes on Kalshi, Polymarket, and other prediction markets. Close regulatory loopholes, stop insider trading on nonpublic government information, and prevent anyone from profiting off privileged access to public power.”