U.S. senators ban themselves from prediction markets trading

Senators just banned themselves from trading on prediction markets

The resolution, sponsored by Sen. Bernie Moreno (center), passed the Senate via unanimous consent. Chip Somodevilla/Getty Images Senators are now banned from trading on prediction markets like Kalshi and Polymarket. The change came via a unanimous addition to Senate rules on Thursday. The resolution also urged the House, executive branch, and judicial branch to do the same. As of Thursday afternoon, senators can't trade on prediction markets like Kalshi or Polymarket. The Senate passed a re...

Senators Ban Themselves From Prediction Markets as Insider Trading Concerns Grow

Senators voted on April 30 to restrict themselves from prediction markets as there is an increasing concern in the potential for insider trading by government officials, CNBC reports. The resolution was spearheaded by Ohio Senator Bernie Moreno, and immidely prohibits senators and staff from the markets. The platforms, like Kalshi and Polymarket, are quickly growing […]

By William Earl