US Senate Bans Members and Staff From Betting in Prediction Markets

Are legislators doing the right thing or should they be doing more to tackle insider trading?

Published 2 days ago

US Senate Bans Members and Staff From Betting in Prediction Markets

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Above: The U.S. Capitol in Washington, D.C., on April 22. Image credit: Eric Lee/Bloomberg/Getty Images

The Spin

Pro-establishment narrative

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.

Politico NBC

Establishment-critical narrative

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.

Reuters

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