Banning Prediction Market Staff Participation and Restoring Trust in Government

 




Dear Friends, 

 

I wanted to let you know about a new office policy I am implementing on my team, and why it matters as we work towards restoring trust in government. 

 

CNN reported this week that one trader made nearly $1 million since 2024 from dozens of bets placed via Polymarket that correctly predicted U.S. and Israeli military actions against Iran. That individual won 93% of their five-figure bets about Iran, even though the events in question were unannounced publicly at the time. 

 

This raises serious concerns. 

 

Prediction markets must not allow insider trading or host contracts that violate U.S. law. Profiting from war because of information gained from government service is unacceptable. It corrodes trust, undermines our democracy, and weakens our institutions. 

 

That’s why, yesterday, I became the first Member of Congress to implement an office-wide policy prohibiting staff from participating in prediction market platforms to trade or hold positions on political, legislative, regulatory, geopolitical outcomes, or any information that is learned in an official capacity. 

 

This ban applies to all staff employed by my congressional office. 

 

This is not just a corruption issue—it’s a national security issue. 

 

Congressional staff and the Members they work for exist to serve the constituents of the districts they represent, not to profit off of the very policy decisions and world events that we are here to respond to. My office has not, and will not, engage in these trades that run counter to every principle of a clean, honest government that works for the people.

 

I will always hold myself and my team to the highest ethical standards, and I hope other elected officials follow suit soon.

Let me know what you think
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All the best,

Rep. Seth Moulton signature

Rep. Seth Moulton

Member of Congress

Massachusetts' District Six

Visit my website and follow us to keep up with our latest updates: 

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