#U.S.SenatorsBarredfromTradingonPredictionMarkets

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

The move came amid concern about insider trading on prediction market platforms such as Kalshi and Polymarket, and about event contracts involving wars and elections.

Kalshi on April 22 said it suspended and fined one U.S. Senate candidate and two candidates for the House of Representatives for political insider trading on their own campaigns.

U.S. Army Special Forces Master Sgt. Gannon Ken Van Dyke has been charged in an indictment accusing him of using classified information to make bets on Polymarket related to the American military mission that captured Venezuelan leader Nicolás Maduro.

"Bets Off Act" signage as Representative Greg Casar, a Democrat from Texas, left, and Senator Chris Murphy, a Democrat from Connecticut, speak during a news conference at the US Capitol in

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.

On April 23, a U.S. Army Special Forces soldier, Master Sgt. Gannon Ken Van Dyke, was arrested on an indictment accusing him of classified information to make bets on Polymarket related to the American military mission that captured Venezuelan leader Nicolás Maduro.

A new proposal aims to stop U.S. senators from trading on prediction markets, raising concerns about ethics and insider advantages 📊⚖️. Lawmakers could potentially access sensitive information, creating unfair opportunities for profit. This move is designed to strengthen transparency and public trust in government institutions 🏛️. Supporters say it’s a necessary step to prevent conflicts of interest, while critics debate its impact on market freedom 🤔📉. The discussion highlights growing scrutiny over political accountability.