US Senate Passes Resolution Banning Senate Members From Trading Prediction Markets

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The US Senate unanimously approved a resolution by Senator Bernie Moreno barring current members from trading in the forecast markets. Enter this procedure immediately according to the internal rules of the court.

The voice vote came one week after Moreno presented the resolution on April 24. It targets contracts for activities offered by platforms such as Polimarkt and Kalshi.

within the prohibition of prediction

Moreno said that the decision edit Rule thirty-seven of the standing rules of the Senate. prohibits members of the Senate from entering into agreements dependent on the occurrence or occurrence of a specific event.

Proud to say that my bill to ban members of Congress from insider trading on the forecast markets just passed the Senate UNANIMOUSLY!

Serving in Congress is an honor, not a side hustle. Americans deserve to know their leaders are here for good reason!

— Bernie Moreno (@berniemoreno) April 30, 2026

these the language It captures the events directly بوليماركت وكالشي. The users of those platforms are responsible for the elections, the legislation, the issuance of the platforms for the elections, the legislation, the issuance of the bulletin and the geopolitical results.

Edited by Senator Alex Badia, the text is narrow. prevents this Change the rule from spreading in traditional financial products such as insurance policies. Implementation goes through the Ethics Committee in the Senate.

The industry supports this move

The chief executive of Kalshi, Tariq Mansour, praised the base. He pointed out that the platform actually bans members of Congress and practices trade-by-trade operations.

“I would like the Senate to pass this decision to ban trading on the markets and forecasting its members and their offices… Now, let’s pass this on to the council!” he said Mansour.

The rule does not extend to include members of the House of Representatives or congressional staff. As it excludes candidates and officials of the executive authority and family members of the members of the authority council, this exception leaves room for indirect exposure to activity contracts.

This decision comes during a wave Of the broader legislation for 2026 that targets forecasting marketsincluding bills targeting all federal officials.

The leader of the majority in the Al-Majlis al-Shioukh publicly discussed this procedure before signing it. requires a separate resolution in the House of Representatives. This makes the council’s rejection the next test for the party’s candidacy.

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