Senators ban themselves from gambling on prediction markets
The U.S. Senate unanimously passed a resolution introduced by Sen. Bernie Moreno banning senators, staff, and officers from participating in prediction markets, citing concerns over insider trading and national security. The ban takes effect immediately and includes an amendment extending the prohibition to Senate employees and urging other branches of government to adopt similar rules. The move follows a case in which a U.S. Army soldier was charged with using classified information to profit from a prediction market bet related to a mission targeting former Venezuelan leader Nicolas Maduro.
Opening excerpt (first ~120 words) tap to expand
Sen. Bernie Moreno‘s (R-OH) resolution to ban U.S. senators from trading on prediction markets unanimously passed the upper chamber on Thursday. The resolution takes effect immediately, meaning Senate members, staff, and officers are no longer allowed to place bets on or use prediction markets like Polymarket or Kalshi. The participation of government officials and lawmakers on these platforms poses both insider trading and national security concerns. Recommended Stories Senate to jam House with FISA extension that excludes digital currency ban Ed Martin tells Thom Tillis to ‘go to Hell’ over DOJ swipe Graham urges Trump to ‘ignore’ war powers deadline as GOP grapples with Iran Moreno celebrated the unanimous vote, saying, “Americans deserve to know that their leaders are here for the…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
Discussion
0 commentsMore from Washington Examiner
