CryptoWorld News reports that the U.S. Senate has unanimously passed a resolution banning members from participating in prediction market trading, effective immediately. This action is taken due to concerns about insider trading on prediction market platforms such as Kalshi and Polymarket. Senator Moreno said, “U.S. senators have no reason to take part in speculative activities such as prediction markets while receiving taxpayer-funded salaries.” Minority Leader Schumer praised the Senate for moving quickly and called on the House and the government to adopt similar rules. The passage of this bill is related to a recent incident in which a senator profited on a prediction platform after obtaining insider information.