Rather than banning gambling I think you need to ban congress critters from trading. Polymarket is a quick and anonymize way of making long bets on your inside information.

But there are plenty of other stock-based bets they already do make to trade on confidential info.

They should be allowed to hold an ETF with fully locked contribution schedules. Anything more is corruptible.

(Also, if congress critters’ wealth was coupled to the index instead of specific interests, maybe we’d get less pork overall.)

Ban gambling advertising. Ban online gambling. It will solve a lot of the issues without allowing criminals to profit from illegal gambling.

I'm a little confused by your comment.

Insider trading is already illegal (this case proves it). If the problem is under-enforcement, then I agree that better enforcement is the fix.

Banning gambling is a completely separate intervention addressing a different activity, and clearly wasn't required to bring charges in this case.

The tendency of governments to create new laws instead of enforcing existing ones is how we end up with absurdly complex legal systems and the loopholes that come with them.

How would you define gambling? Would it make trading stocks illegal?

> Just ban gambling. That solves good part of it.

does that include the stock exchange?