June 6, 2026
George Santos’ latest alleged scandal highlights the insidious rise of prediction markets in politics
Honest politicians are right to worry about the corrosive effect prediction markets have on public trust and good government. A Navigator Research poll published in April found that while more than 7 in 10 Americans have heard “a little” or “nothing” about major prediction market companies, they support “Congress banning anyone with insider information — so elected officials, their staff and others with insider information — from using prediction markets to bet on government actions like war, laws and other actions by net 49 points (67% support – 18% oppose).”