The U.S. Senate has unanimously revised its rules to prohibit members and their staff from participating in prediction markets. This decision follows concerns over insider trading and the appropriateness of such speculative activities for public officials.
The Senate's new rule, pushed by Senator Bernie Moreno, was enacted through a simple resolution and is effective immediately. It prohibits senators from entering any agreements or transactions that depend on the occurrence of specific events. Moreno emphasized that serving in Congress should focus on delivering results for the American people, not on speculative profit-making.