U.S. senators won't be weighing in on prediction markets bets after banning themselves
CoinDesk
The U.S. Senate unanimously passed a resolution banning its members and staff from participating in speculative prediction market platforms.Summary
The U.S. Senate has unanimously approved a resolution to prohibit senators and their staff from placing bets on prediction markets. Introduced by Senator Bernie Moreno, the measure aims to prevent potential conflicts of interest and insider trading, with Moreno asserting that public officials should not engage in speculative financial activities while serving the public. The new rule effectively bans any transaction dependent on the outcome of specific events. Major platform Polymarket expressed support for the decision, noting that it aligns with their existing user policies regarding regulated conduct.
(Source：CoinDesk)