Senate bans its own members and staff from betting in prediction markets [View all]
Source: NBC News
April 30, 2026, 2:53 PM EDT / Updated April 30, 2026, 3:10 PM EDT
The Senate on Thursday passed a resolution to ban members and staff from trading on prediction markets. The resolution, which changes the rules of the Senate, passed unanimously without a roll call vote. It goes into effect immediately.
“Engaging in any way in a prediction market or trying to place bets where we might have inside information deteriorates our confidence that our constituents have in us,” Sen. Bernie Moreno, R-Ohio, who introduced the resolution, said on the Senate floor.
“So it’s extremely important that the public know that from this day forward, there is no chance that any member of Congress, member of the Senate, in this case, in this resolution I’m going to propose, be involved in any prediction market whatsoever,” he said.
The resolution only applies to the Senate. Rep. Ashley Hinson, R-Iowa, said on X that she would introduce a similar resolution in the House. “It sets a standard,” Moreno said after the resolution passed. “And I think the last thing anybody here who’s serving wants to do is be referred to ethics for an investigation that would be the end of their political career.”
Read more: https://www.nbcnews.com/politics/congress/senate-bans-members-staff-trading-prediction-markets-rcna342939
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