Senators ban themselves from gambling on prediction markets

Sen. Bernie Moreno‘s (R-OH) resolution to ban U.S. senators from trading on prediction markets unanimously passed the upper chamber on Thursday.

The resolution takes effect immediately, meaning Senate members, staff, and officers are no longer allowed to place bets on or use prediction markets like Polymarket or Kalshi. The participation of government officials and lawmakers on these platforms poses both insider trading and national security concerns.