Senate Bans Members and Staff From Prediction Markets
The Senate unanimously banned members and staff from using prediction markets. Leaders say lawmakers should not gamble on crises while in public service.
Xurve View
Xurve View
The United States Senate unanimously banned its members and staff from using prediction markets to bet on real-world events on Thursday evening. The rule change, spearheaded by Republican Senator Bernie Moreno, imposes an immediate prohibition on speculative activities by taxpayer-funded officials. This move targets potential insider trading as prediction markets grow, following a fraud case involving confidential military information.
