Rep. Magaziner supports banning elected officials and government employees from profiting off insider information, including through prediction market platforms.
Seth will support banning elected officials and government employees from profiting off insider information, including through prediction markets.
Occurrences
has co-sponsored the bipartisan TRUST in Congress Act to ban lawmakers from trading stocks
Evidence
Magaziner announced a new office policy prohibiting staff, including himself, from participating in prediction markets or wagering tied to information learned in an official capacity. The release says he is 'pushing to end insider trading in Washington' and that he supports banning elected officials and government employees from profiting off insider information, including through prediction markets.
The House Democratic letter urging DOJ action lists Seth Magaziner among the signers. The lawmakers said failure to enforce laws against insider trading in prediction markets risks creating a regulatory gap and undermining market integrity.
Assessments
Magaziner promised to support bans on elected officials and government employees profiting from insider information, including prediction markets. In his current federal term, he implemented an office policy barring himself and staff from prediction-market participation or wagering tied to official information, publicly reaffirmed support for broader bans, and joined a House Democratic letter urging DOJ enforcement against insider trading on prediction-market platforms. Because the promise was framed as support rather than enactment of a statutory ban, these same-term official actions are sufficient to count as delivered.