Senate Unanimously Bans Members From Betting On Prediction Markets

Separate reporting also raised questions about unusually well-timed bets placed on a potential ceasefire between the United States and Iran

Despite unanimous support in the Senate, the rule leaves key gaps. It does not apply to members of the House, executive branch officials, or the broader federal workforce, all of whom may also have access to sensitive or market-moving information.

Todd Young and Elissa Slotkin have introduced separate legislation that would extend restrictions across the federal government. Their proposal would prohibit officials from using insider information to place prediction market bets.