Washington Edition

Prediction Markets Are Putting Government to the Test

Unusual bets and outright cheating are drawing scrutiny from firms and regulators
A Kalshi advertisement at a bus stop in Washington on March 19Photographer: Bloomberg/Bloomberg

I’m Jonathan Tamari, senior Washington reporter for Bloomberg Government, and each weekday I’ll be coming to you with inside-the-room reporting and insights that reveal what’s really happening in Washington—and how it impacts you. Email me with feedback and comments here. If this newsletter was forwarded to you sign up here.

Today: The fight over prediction markets, oil prices hit wartime high, and why one phrase stalled DHS funding.