House Democrats Block Senate-Backed Prediction Market Curbs, Demand Broader Stock Trading Ban
Rep. Bryan Steil plans to amend legislation limiting congressional stock trading. Democrats say they will oppose the measure unless it also covers the executive branch.
SemaforHouse Republicans are attempting to curb members’ prediction market trading by amending legislation that already limits congressional stock trading. Administration Committee Chair Rep. , told Semafor he would aim to include prediction market restrictions in the bill.
The Senate has already taken action to curb members’ prediction market trading. Steil’s effort to match that step in the House now faces resistance from Democrats who want the measure to extend to the executive branch. Rep.
Said his party would likely oppose the Republican effort in the hopes of passing a stronger ban next year if the chamber flips in November. “We’re going to pass a real stock trading ban, and it will include prediction markets,” Morelle said in a brief interview. Morelle added that Democrats could support the bill under one condition.
“If they amend their bill to actually stop trading of stock, we could support the bill,” he said. New Democratic pushback against prediction market provisions could make it impossible for the package to pass, Semafor reported. The article was published on June 9, 2026, at 5:00pm EDT from Washington, DC by Nicholas Wu.
