politics

April 30, 2026

U.S. Senators Ban Themselves from Prediction Markets Trading

The move came after Democratic lawmakers asked the Commodity Futures Trading Commission to prohibit event contracts on elections, war and military actions.

U.S. Senators Ban Themselves from Prediction Markets Trading

TL;DR

  • The U.S. Senate unanimously passed a rule banning senators from trading on prediction markets, effective immediately.
  • The ban addresses concerns about insider trading and event contracts on platforms like Kalshi and Polymarket.
  • Recent incidents include a U.S. Senate candidate and two House candidates fined for political insider trading, and a soldier arrested for betting on military mission outcomes using classified information.
  • Democratic lawmakers previously urged the Commodity Futures Trading Commission to ban event contracts on elections, war, military actions, and sports.
  • Prediction market platforms Kalshi and Polymarket supported the Senate's decision, stating they already have policies against such trading.

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