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New Ban On Prediction Market Trading 00901232

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Senate bans prediction market trading by members, staff

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Senate bans members and staff from betting in prediction markets

Office of Sen. Bernie Moreno

Moreno Resolution Banning Senators from Using Prediction Markets Passes Unanimously

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U.S. senators ban themselves from prediction markets trading

Polymarket

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Senate bans members and staff from trading on prediction markets

Metaculus

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The U.S. Senate unanimously voted to ban its members and staff from placing wagers on prediction markets on Thursday.

The U.S. Senate unanimously voted to ban its members and staff from placing wagers on prediction markets on Thursday.

The Senate rule change was spearheaded by Sen. Bernie Moreno (R-Ohio) and was amended by Sen. Alex Padilla (D-Calif.) to expand the resolution to all Senate staff as well. It takes effect immediately.

The Senate rule change was spearheaded by Sen. Bernie Moreno (R-Ohio) and was amended by Sen. Alex Padilla (D-Calif.) to expand the resolution to all Senate staff as well. It takes effect immediately.

In a statement following its passing, Moreno said: "United States Senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period. Serving in Congress should never be about finding new ways to profit; it should be about delivering results for the American people."

In a statement following its passing, Moreno said: "United States Senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period. Serving in Congress should never be about finding new ways to profit; it should be about delivering results for the American people."

The move was welcomed by Polymarket and Kalshi who have both adopted measures on the platforms to combat insider trading. "We're in full support of this," Polymarket said in a post on X. "Our Rulebook &amp; Terms of Service already prohibit such conduct, but codifying this into law is a step forward for the industry."

The move was welcomed by Polymarket and Kalshi who have both adopted measures on the platforms to combat insider trading. "We're in full support of this," Polymarket said in a post on X. "Our Rulebook & Terms of Service already prohibit such conduct, but codifying this into law is a step forward for the industry."

Meanwhile, Kalshi CEO Tarek Mansor said he applauds the move, adding: "Kalshi already proactively blocks members of congress and enforces against insider trading. This is a great step to increase trust in our markets by making it an industry standard."

Tarek Mansour

Meanwhile, Kalshi CEO Tarek Mansor said he applauds the move, adding: "Kalshi already proactively blocks members of congress and enforces against insider trading. This is a great step to increase trust in our markets by making it an industry standard."

A number of senators called on the House to adopt similar measures and to pass legislation that would ban all federally elected officials and government employees from profiting on the platforms via their use of insider information.

A number of senators called on the House to adopt similar measures and to pass legislation that would ban all federally elected officials and government employees from profiting on the platforms via their use of insider information.

Preventing Senate members and their staff from profiting on wagers on prediction markets is a step in the right direction. The House now needs to pass similar measures for its members, alongside all other federally elected officials and government employees.

Preventing Senate members and their staff from profiting on wagers on prediction markets is a step in the right direction. The House now needs to pass similar measures for its members, alongside all other federally elected officials and government employees.

While preventing officials from betting on wars, economic issues and other areas that they may have a hand in influencing is invariably a good thing, it is curious how they have failed to pass legislation to prevent the use of insider information in stock trading.

While preventing officials from betting on wars, economic issues and other areas that they may have a hand in influencing is invariably a good thing, it is curious how they have failed to pass legislation to prevent the use of insider information in stock trading.

There's a 50% chance that Polymarket will launch a token by Oct. 11, 2026, according to the Metaculus prediction community.

There's a 50% chance that Polymarket will launch a token by Oct. 11, 2026, according to the Metaculus prediction community.

US Senate Bans Members and Staff from Betting in Prediction Markets

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