Capitol clamps down on prediction markets for lawmakers
TL;DR
The Senate unanimously approved a resolution barring senators and staff from trading on prediction markets, effective immediately. Led by Sen. Bernie Moreno, the move aims to curb conflicts of interest amid scrutiny of lawmakers' market activity; Schumer urged the House and administration to follow suit, while some lawmakers floated broader restrictions on all federal officials.
Topics:nationpolitics#bernie-moreno#chuck-schumer#insider-information#politics#prediction-markets#senate-ethics
- Senate bans senators from prediction market trading Politico
- U.S. senators ban themselves from prediction markets trading CNBC
- Spy-powers law gets a six-week reprieve Politico
- Senate bans members and staff from trading on prediction markets NBC News
- Senators Banned From Gambling On Prediction Markets Forbes
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