JOURNAL ARTICLE

Chuck Schumer Urges House and White House to Follow Senate in Prediction-Market Ban.

  • Published In: Time.com, 2026. P. N.PAG 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: DE GUZMAN, CHAD 3 of 3

Abstract

The article focuses on Senate Minority Leader Chuck Schumer's call for a federal ban on government officials participating in prediction markets following recent insider trading controversies. After the Senate unanimously banned its members and staffers from trading on prediction markets, Schumer urged President Donald Trump, his administration, and the House of Representatives to enact similar restrictions to prevent conflicts of interest and protect national security. The article highlights incidents involving suspected insider trading on platforms like Polymarket and Kalshi, including an indictment of a soldier accused of using classified information for profit. Legislative efforts to regulate prediction markets and concerns about the Trump family's ties to these platforms are also discussed.

Additional Information

  • Source:Time.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2026
  • ISSN:2476-2679
  • Accession Number:193495625
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