Latest
House Democrat bans staff from betting on prediction markets, citing ethics concerns
Democratic Rep. Seth Moulton of Massachusetts has implemented a policy to ban staffers from betting on prediction markets on issues pertaining to issues such as politics and any information obtained in an official capacity.
“Congressman Seth Moulton (MA-06) today became the first Member of Congress to institute an office-wide policy prohibiting staff from participating in prediction market platforms—such as Polymarket and Kalshi—to trade or hold positions on political, legislative, regulatory, geopolitical outcomes, or any information that is learned in an official capacity,” a Wednesday press release asserted.
Prediction markets allow people to wager on what they expect to happen in the future on a vast array of topics, touching upon areas such as sports, business, politics, world affairs, and pop culture.
DEM LAWMAKER’S ILLEGAL ALIEN SOTU GUEST PART OF RECORDS DISPUTE INVOLVING POLICE REPORTS: REPORT
“Prediction markets have become a playground for corrupt insiders who are able to place bets on things like election outcomes, wars, and even the deaths of public figures. This is creating a perverse incentive structure that poses a genuine threat to American society today,” Moulton said in a statement.
“Congressional staff and the Members they work for exist to serve the constituents of the districts they represent, not to profit off of the very policy decisions and world events that we are here to respond to. My office has not, and will not, engage in these trades that run counter to every principle of a clean, honest government that works for the people,” he continued.
BLOCKCHAIN ANALYSTS SAY TRADERS MAY HAVE USED INSIDER INFORMATION TO PROFIT ON IRAN CONFLICT BETS
“I will always hold myself and my team to the highest ethical standards, and I call on every single American elected official to do the same,” the lawmaker added.
Moulton has served in the U.S. House of Representatives since early 2015.
DEM SENATOR, 79, DRAWS PRIMARY CHALLENGE FROM REP SETH MOULTON
He is challenging incumbent Democratic Sen. Ed Markey in a Democratic U.S. Senate primary.
Latest
Tech entrepreneur flees Washington due to companies being ‘villainized’
A prominent Washington tech entrepreneur is joining the growing exodus of business leaders fleeing the Evergreen State, citing a “dramatic” shift in the state’s tax climate following the passage of a controversial new “millionaire tax.”
Jesse Proudman, the founder and CTO of the privacy-focused generative AI platform Venice.ai, told Fox News Digital on Tuesday that the state he once called a “startup sanctuary” has become increasingly hostile to the very people who fuel its economy.
“I started three companies here in the state. I have been an entrepreneur my whole life here,” Proudman said. “The business climate when I started my first company was very entrepreneurial-friendly, and the startup community was looked upon as a contributing member of the city. Over the last number of years, that has changed dramatically.”
Proudman, who previously founded the private cloud company Blue Box and the crypto-investing platform Makara, is now serving as a spokesperson for Let’s Go Washington. The political committee is currently spearheading a massive signature-gathering effort to repeal the tax measure before it can take root.
STARBUCKS CUTS JOBS IN SEATTLE AS FORMER CEO HOWARD SCHULTZ BLASTS ‘SOCIALIST’ MAYOR
The tax, pushed through by the Democratic-controlled legislature during the 2026 session and signed into law by Gov. Bob Ferguson in March, imposes a 9.9% levy on annual income exceeding $1 million. While it is set to take effect on Jan. 1, 2028—with the first payments due in 2029—the mere threat of its implementation is already shifting the state’s demographics.
“We have until July 2nd to gather about 325,000 signatures to put this on the November ballot,” said Hallie Herzberg, Director of Communications for Let’s Go Washington. “The people deserve the right to vote on this. It’s already driving businesses, employers, and families out of the state.”
The move marks a seismic shift for Washington, which has historically been one of only a handful of states with no personal income tax. However, the legal ground shifted in 2023 when the state’s Supreme Court upheld a 7% capital gains tax, effectively opening the door for broader income-based levies that critics argue violate the state constitution’s requirement that property (which includes income) be taxed at a uniform rate.
GOV ABBOTT EXTENDS OFF-RAMP FOR NY BILLIONAIRES FLEEING MAMDANI’S POLICIES
State Sen. Jamie Pedersen (D-Seattle), the Senate Majority Leader and the bill’s primary sponsor, has dismissed concerns of “tax flight.”
“The reality is the millionaire tax is not likely to result in businesses leaving,” Pedersen told a local FOX affiliate following the bill’s signing. He later told Fox News Digital that there is “no evidence” that high earners will migrate to lower-tax jurisdictions like Florida or Texas.
Data from the Association of Washington Business (AWB) suggests otherwise. A recent survey reported by The Center Square found that 44% of business leaders in the state are considering moving their personal residences elsewhere. Furthermore, Washington businesses reported they are now more than twice as likely to expand outside the state than within it.
For Proudman, the decision has already been made. He plans to relocate his life and business interests to Austin, Texas.
“It’s no longer a friendly place to conduct business,” Proudman said. “Startup companies are being villainized. With the passing of this tax, we have looked at alternative places to move, and we’ll probably end up in Austin.”
SIX DIFFERENT WAYS THAT PROVE THE WEALTHY PAY A LOT MORE THAN THEIR ‘FAIR SHARE’
Proudman warned that while the tax is currently branded as a “millionaire’s tax” to gain public favor, the long-term economic consequences will eventually hit middle-class residents as the tax base shrinks.
“They are targeting a very highly mobile cohort of the population,” Proudman argued. “When those folks leave, this will become a tax on everybody. The voters are unwittingly creating an incredibly worse tax situation for themselves. Washington is already the 45th worst state from a tax point of view. This is a constitutionally illegal tax that ultimately will apply to everyone.”
Sen. Pedersen’s office did not respond to Fox News Digital’s latest request for comment.
Latest
CIA Seized JFK, MKUltra Files From Tulsi Gabbard’s Office: Sources
Latest
First clade I mpox case confirmed in Connecticut after patient traveled to Western Europe
A case of clade I mpox — a more virulent version of the virus that causes monkeypox, according to the Centers of Disease Control and Prevention (CDC) — has been confirmed in the U.S., as global health officials also monitor newly reported hantavirus cases in Europe.
The Connecticut Department of Public Health (CDPH) said Wednesday that the state’s first identified case of clade I mpox was detected in a person who recently traveled to Western Europe, where officials continue to monitor infectious disease activity.
The World Health Organization (WHO) has also reported new hantavirus cases in Spain and France, drawing attention to the rare but potentially severe disease, which can cause serious respiratory complications in humans.
Hantavirus is typically spread through contact with infected rodents and can lead to severe respiratory illness, though cases remain rare, according to the WHO.
While health officials said the mpox case “does not pose a risk to the general public,” they still encourage those who may be at risk to receive the JYNNEOS vaccine.
NEW MPOX STRAIN CONFIRMED IN US STATE FOR FIRST TIME
Mpox symptoms can include fever, swollen lymph nodes and a characteristic rash, according to CDC.
“Mpox hasn’t gone away, and we want people to be protected, especially as many in our community prepare for travel, festivals, and gatherings this summer,” CDPH Commissioner Dr. Manisha Juthani said in the release.
“The vaccine is safe, effective and widely available. Completing the two-dose series is the best way to protect yourself and your partners.”
HANTAVIRUS DEATHS ON CRUISE SHIP HIGHLIGHT DANGERS OF RODENT-BORNE DISEASE
Clade I and clade II mpox are genetically distinct forms of the virus with key differences in severity and geographic origin, according to the CDC and the WHO.
Clade I, historically identified in Central Africa, has been linked to more severe illness and higher mortality rates, with cases often involving more widespread rashes and complications.
Clade II, which has circulated primarily in West Africa, is generally associated with milder disease and drove the global outbreak beginning in 2022, when most patients experienced less severe symptoms and lower hospitalization and death rates, according to the WHO.
The CDC and WHO say distinguishing between the two clades helps guide risk assessments, particularly as international travel increases.
-
Latest4 weeks agoVance Leaves Meeting, Looks Straight Into Camera, Announces Stunning Arrest
-
News4 weeks agoAdam Schiff Facing 30 Years In Prison After Bank Records Leak
-
Latest4 weeks agoSupreme Curt Sides With Trump — He Can Remove The All
-
News1 month agoAll Hell Breaks Loose On Fox When Jesse Watters Asks Fetterman One Question
-
News4 weeks agoNBC Stops LIVE Broadcast — Breaks Big Trump News
-
News4 weeks agoSwalwell Facing Jail Time After Sickening New Video Leaks
-
Latest4 weeks agoTrump Pulls Off Miracle Of A Lifetime — It’s Permanently Open
-
Latest4 weeks agoUT Judge Drops Bombshell In Charlie Kirk Killer Case
