A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
Sponsor
- Conservative Groups$1,210k
Full profile: /officials/M001242
Source: Congress.gov · FEC
Cosponsors (0)
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Plain-English Summary
Senators would be banned from betting on prediction markets, which are platforms where people wager money on the outcomes of future events like elections or policy decisions. This rule change prevents lawmakers from potentially profiting off their own legislative actions or inside knowledge about upcoming votes and political developments. The restriction aims to reduce conflicts of interest and maintain public trust in Congress.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Full Bill Text
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[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. Res. 708 Agreed to Senate (ATS)] <DOC> 119th CONGRESS 2d Session S. RES. 708 Amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 30, 2026 Mr. Moreno submitted the following resolution; which was considered amended and agreed to _______________________________________________________________________ RESOLUTION Amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets. Resolved, SECTION 1. PROHIBITION ON PREDICTION MARKET TRADING BY SENATORS. Rule XXXVII of the Standing Rules of the Senate is amended-- (1) by redesignating paragraph 15 as paragraph 16; and (2) by inserting after paragraph 14 the following: ``15. No Member, officer, or employee of the Senate may enter into, or offer to enter into, an agreement, contract, swap, or transaction that provides for any purchase, sale, payment, or delivery of an excluded commodity, as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a), that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of a specific event or contingency. Nothing in this paragraph shall be construed to apply to insurance for which the insured holds a lawful insurable interest.''. SEC. 2. SENSE OF THE SENATE. It is the sense of the Senate that the House of Representatives, executive branch, and judicial branch should establish restrictions similar to those under section 1 relating to participation in prediction markets. <all>
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