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Senators just banned themselves from trading on prediction markets

Business Insider·Bryan Metzger·about 1 month ago
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The resolution, sponsored by Sen. Bernie Moreno (center), passed the Senate via unanimous consent. Chip Somodevilla/Getty Images Senators are now banned from trading on prediction markets like Kalshi and Polymarket. The change came via a unanimous addition to Senate rules on Thursday. The resolution also urged the House, executive branch, and judicial branch to do the same. As of Thursday afternoon, senators can't trade on prediction markets like Kalshi or Polymarket . The Senate passed a resolution amending Senate rules to forbid members from making prediction market trades via a voice vote — meaning no senator objected, and a formal roll call vote was not taken. The resolution was introduced by Republican Sen. Bernie Moreno of Ohio last week. "Serving in Congress is an honor, not a side hustle," Moreno wrote on X after the resolution passed.…

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