US Senate bans members and staff from prediction-market trading
→Senators and staff must stop prediction-market trading under ethics rules
Change
The US Senate amended its conflict-of-interest rules to ban prediction-market trading by senators, Senate officers and Senate employees.
Why it matters
Senate ethics compliance now covers all prediction-market bets, not only trades tied to inside knowledge. Senate offices must treat prediction-market activity as a prohibited trading category for members, officers and employees.
Implications
- → Senate ethics and compliance offices must update internal trading guidance immediately — prediction-market trading is now barred for senators, officers and employees.
- → Senate officers and employees must stop new prediction-market trading — the ban applies broadly and does not depend on inside-knowledge exposure.
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Source
View on Ars Technica