Latest Breaking News

BumRushDaShow

(171,339 posts) Thu Apr 30, 2026, 03:27 PM 4 hrs ago

Senate bans its own members and staff from betting in prediction markets

Source: NBC News

April 30, 2026, 2:53 PM EDT / Updated April 30, 2026, 3:10 PM EDT

The Senate on Thursday passed a resolution to ban members and staff from trading on prediction markets. The resolution, which changes the rules of the Senate, passed unanimously without a roll call vote. It goes into effect immediately.

“Engaging in any way in a prediction market or trying to place bets where we might have inside information deteriorates our confidence that our constituents have in us,” Sen. Bernie Moreno, R-Ohio, who introduced the resolution, said on the Senate floor.

“So it’s extremely important that the public know that from this day forward, there is no chance that any member of Congress, member of the Senate, in this case, in this resolution I’m going to propose, be involved in any prediction market whatsoever,” he said.

The resolution only applies to the Senate. Rep. Ashley Hinson, R-Iowa, said on X that she would introduce a similar resolution in the House. “It sets a standard,” Moreno said after the resolution passed. “And I think the last thing anybody here who’s serving wants to do is be referred to ethics for an investigation that would be the end of their political career.”

Read more: https://www.nbcnews.com/politics/congress/senate-bans-members-staff-trading-prediction-markets-rcna342939

2 replies

= new reply since forum marked as read

Highlight:

Senate bans its own members and staff from betting in prediction markets (Original Post) BumRushDaShow 4 hrs ago OP

"And I think the last thing anybody here who's serving wants to do is be referred to ethics for an investigation.. ToxMarz 3 hrs ago #1

Do Stocks/Bonds Next!!! ret5hd 3 hrs ago #2

ToxMarz

(3,020 posts)

1. "And I think the last thing anybody here who's serving wants to do is be referred to ethics for an investigation..

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 04:28 PM

3 hrs ago

'And I think the last thing anybody here who’s serving wants to do is be referred to ethics for an investigation that would be the end of their political career.'

Well, maybe not.

Key Findings on Senate Ethics Investigations

- Low Public Accountability: The Senate Ethics Committee rarely makes public its investigations, with only four acknowledged in the last decade.

- High Complaint Volume: Despite the low number of investigations, there were 181 complaints lodged against senators in one recent year.

- Limited Findings: Data shows that between 2009 and 2023, the Senate Ethics Committee dismissed 56% of cases, with very few leading to public sanctions.

The Senate does not have an independent, external investigative body similar to the Office of Congressional Ethics (OCE) in the House, which makes it harder for the public to know the full extent of investigations.

ret5hd

(22,539 posts)

2. Do Stocks/Bonds Next!!!

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 04:43 PM

3 hrs ago

some kind of blind revocable trust only…stays valid for the length of term(s).

Reply to this discussion