Senate Unanimously Passes Ban on Prediction Market Trading by Senators and Staff

The U.S. Senate unanimously passed S. Res. 708, banning senators and their staff from trading on prediction markets. The resolution covers markets tied to political outcomes, policy decisions, and other events that lawmakers may know about through official duties. The vote marked the first major regulatory action specifically banning government officials from prediction market participation. Chuck Schumer urged the House and President Donald Trump’s administration to adopt similar rules.

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