Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

nitpicked

(1,936 posts)
Thu Apr 30, 2026, 01:15 PM Thursday

Politics U.S. senators ban themselves from prediction markets trading

https://www.cnbc.com/2026/04/30/senate-prediction-markets-trading-ban-kalshi-polymarket.html

The U.S. Senate on Thursday unanimously passed a rule barring senators from trading on prediction markets effective immediately.

The move came amid rising concern about insider trading on prediction market platforms such as Kalshi and Polymarket, and about event contracts that can involve death or violence.

On April 22, Kalshi said it had suspended and fined one U.S. Senate candidate and two candidates for the House of Representatives for political insider trading on their own campaigns.
(sniip)
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Politics U.S. senators ban themselves from prediction markets trading (Original Post) nitpicked Thursday OP
Thank God for small favors Prairie Gates Thursday #1
Of course my next question is what about their contacts? nitpicked Thursday #2
Noticed that it did not pass the house of representatives...just saying JT45242 Thursday #3
This is a Senate rule nitpicked Thursday #4

JT45242

(4,086 posts)
3. Noticed that it did not pass the house of representatives...just saying
Thu Apr 30, 2026, 01:23 PM
Thursday

What happens if someone breaks that rule?

Do they lose committee assignments? Sanctioned with cash penalties?
or is this just a PR olive branch?

Latest Discussions»General Discussion»Politics U.S. senators ba...