What bets are lawmakers and staffers making on prediction markets? They're not required to tell us.

""What's missing right now is for the ethics committees to remind people that these disclosure rules apply," said Kedrick Payne, emphasizing the need for enforcement of existing laws."

""All federal employees are subject to government ethics guidelines that prohibit the use of nonpublic information for financial benefit," stated White House spokesman Davis Ingle, highlighting the ethical standards in place."

Federal politicians and high-ranking officials are required to disclose stock trades within 30 to 45 days, but there are no laws mandating disclosure for prediction market trades. Lawmakers must report outside income over $200, providing some insight into potential earnings from prediction markets. Kalshi, a major prediction market, prohibits Congress members from trading. The White House has cautioned staff against trading on prediction markets, emphasizing adherence to ethics guidelines. The growing popularity of prediction markets has led to increased scrutiny and calls for better disclosure laws.

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