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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPolitics U.S. senators ban themselves from prediction markets trading
https://www.cnbc.com/2026/04/30/senate-prediction-markets-trading-ban-kalshi-polymarket.htmlThe 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.
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Politics U.S. senators ban themselves from prediction markets trading (Original Post)
nitpicked
Thursday
OP
Prairie Gates
(8,396 posts)1. Thank God for small favors
It was literally the very least they could do.
nitpicked
(1,936 posts)2. Of course my next question is what about their contacts?
Tougher, I think, to block that.
JT45242
(4,086 posts)3. Noticed that it did not pass the house of representatives...just saying
What happens if someone breaks that rule?
Do they lose committee assignments? Sanctioned with cash penalties?
or is this just a PR olive branch?
nitpicked
(1,936 posts)4. This is a Senate rule
Not binding on the House.
No word about any proposed penalties.