Senate Unanimously Bans Members From Betting On Prediction Markets

The action follows weeks of scrutiny over platforms that allow users to wager on real-world events, including elections, conflicts, and economic developments. Lawmakers from both parties raised concerns that those with access to nonpublic information could gain an unfair advantage, the Associated Press reported.

Bernie Moreno, who sponsored the resolution, framed the issue in direct terms. “United States senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” Moreno said.