releases: https://magaziner.house.gov/media/press-releases/magaziner-implements-office-policy-banning-participation-prediction-markets
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://magaziner.house.gov/media/press-releases/magaziner-implements-office-policy-banning-participation-prediction-markets | Magaziner Implements Office Policy Banning Participation in Prediction Markets | 2026-05-08 | 2026 | 2026-05 | Democrat | House | RI | Seth Magaziner | M001223 | magaziner.house.gov | magaziner | https://magaziner.house.gov/media/press-releases | scraper | WARWICK, RI – Today, U.S. Representative Seth Magaziner (RI-02) announced that his office has implemented a new policy to prohibit staff including himself from participating in prediction markets or wagering related to political, legislative, regulatory, geopolitical, or other outcomes connected to information learned in an official capacity. The policy applies to platforms such as Polymarket and Kalshi. The ban applies to all employees of Rep. Magaziner’s congressional office. Magaziner issued the following statement: “We need to root out opportunities for corruption in Washington wherever it exists. I am pushing to end insider trading in Washington, and I am ensuring my office leads by example. My team and I are laser focused on serving the people of Rhode Island’s Second Congressional district, and will always hold ourselves to the highest ethical standards. Washington will never work for working people if members of Congress and government officials can profit off their positions.” Prediction markets are online platforms that allow users to buy and sell contracts based on the outcome of future events including elections, the actions of Congress, and the actions of the Trump Administration. High-profile examples of suspicious trading activity on political prediction markets include individuals placing bets on military action in Venezuela and Iran shortly before the launch of classified operations, and candidates betting on the outcomes of their own campaigns. BACKGROUND: Rep. Magaziner supports banning elected officials and government employees from profiting off insider information, including through prediction market platforms. He has taken several actions to advance that effort, including: | 1 | 2026-06-27T06:16:17Z | 2026-06-27T06:17:30Z |