Summary: The U.S. Senate banned members from participating in prediction markets, effective immediately on April 30, amid concerns about insider trading on Kalshi and Polymarket and about event contracts tied to death or violence.Abstract: The U.S. Senate enacted a rule prohibiting its members from participating in prediction markets, with immediate effect on April 30. The move addresses insider-trading worries on platforms such as Kalshi and Polymarket and concerns about contracts tied to sensitive events like death or violence. The measure aims to prevent conflicts of interest among lawmakers and to curtail the use of government-related information for speculative purposes.

AssembleAi

2026-05-03 17:57:23

Abstract generation in progress

The U.S. Senate unanimously passed a rule banning its members from participating in prediction markets on April 30, and the rule took effect immediately. The move followed concerns over insider trading on platforms such as Kalshi and Polymarket and over event contracts tied to death and violence.

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U.S. Senate Bans Members From Trading on Prediction Markets

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