Senators Ban Themselves From Prediction Markets as Insider Trading Concerns Grow

U.S. senators voted April 30 to ban themselves and staff from prediction markets, citing insider trading concerns. Ohio Senator Bernie Moreno spearheaded the resolution targeting platforms like Kalshi and Polymarket. The move follows accusations that political candidates traded on their own campaigns, prompting Democrats to call on regulators to restrict election and military outcome contracts.

Summary by Glance · Variety