Ethics committee to take up ban on city officials, employees using insider information to place prediction market bets - The Daily Line

Michael McDevitt

JUL 06, 2026

Ethics committee to take up ban on city officials, employees using insider information to place prediction market bets
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Ald. Timmy Knudsen (43) is pictured at a City Council meeting in November 2023. [Don Vincent/The Daily Line]

The City Council’s ethics committee on Tuesday is set to consider a proposal that would prohibit city officials and employees from making money from prediction market platforms like Kalshi and Polymarket through the use of confidential and proprietary information.

The Committee on Ethics and Government Oversight will meet at 11 a.m. in Room 201A at City Hall.

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