Sen. Bernie Moreno introduces resolution to ban senators from trading on prediction markets
Sen. Bernie Moreno (R-OH) introduced a Senate resolution on Friday to amend Senate rules prohibiting members from entering into agreements or transactions dependent on the outcome of specific events, effectively banning participation in prediction markets like Kalshi and Polymarket. The move follows a DOJ indictment of a U.S. soldier accused of using classified information to profit over $400,000 on Polymarket, and comes amid broader congressional concern about insider trading on political betting platforms. A similar bill was previously introduced by Sen. Jeff Merkley and four Democratic senators.
- The Hillfirst
- Washington Examiner+4.9 h
- ABC News+144.3 h
- New York Times+147.1 h
- PBS NewsHour+147.2 h
- Breitbart+164.6 h
Broad agreement on what happened
Outlets across the spectrum land in roughly the same place: the shared language is highlighted.
“Senate bans its own members and staff from betting in prediction markets”ABC ABC News LEFT-CENTER
“Moreno seeking to ban senators from trading on prediction markets”WE Washington Examiner RIGHT
“Senate bans its own members and staff from betting in prediction markets” · The Hill, AP News