US Senate Takes Unprecedented Step to Curb Insider Trading Amidst Growing Concerns. In a move aimed at preventing potential conflicts of interest, the US Senate has voted to ban lawmakers and their staff from engaging in prediction markets, such as Kalshi and Polymarket. The resolution, introduced by Ohio Republican Bernie Moreno, effectively modifies existing rules to prohibit senators from participating in financial deals that hinge on specific events. By eliminating this loophole, lawmakers hope to prevent insider trading and maintain the integrity of the legislative process.
Pete Hegseth argued that a ceasefire agreement with Iran more than three weeks ago ‘means the 60 day clock pauses, or stops’Sign up for the Breaking News US email to get newsletter alerts in your inboxThe US Senate has voted to ban senators and their staff from betting on prediction markets like Kalshi or Polymarket.The resolution, introduced by Ohio Republican Bernie Moreno, goes into effect immediately and modifies the current rules prohibiting senators from entering into financial deals where the outcome depends on whether a specific event does or does not happen. Continue reading...
