Pennsylvania Lawmakers and Ethics Experts Raise Concerns Over Political Prediction Markets
Prediction market platforms, such as Kalshi and Polymarket, which allow individuals to wager on political outcomes and policy decisions, are experiencing a surge in popularity. This growth has prompted ethics experts and some lawmakers in Pennsylvania to voice concerns about the potential for corruption and insider trading. While Pennsylvania's existing ethics law prohibits public officials from using information gained through their positions for financial gain, there is no specific ban on insider prediction market betting for public employees. Governor Josh Shapiro's office and the General Assembly currently refer to the general ethics law when questioned about policies on this issue. The State Ethics Commission has stated it would investigate any complaints alleging violations through prediction market participation. The Anti-Corruption Data Collective in Washington has observed a significant increase in political prediction markets, with nearly 16 times more markets for the 2026 midterms nationwide com... 
