Effective immediately! The U.S. Senate unanimously passes a resolution: Senators are banned from participating in prediction markets

As the Cryptocurrency Market Structure Bill faces obstacles, the U.S. Senate on April 30th swiftly passed a resolution: banning senators and their staff from participating in prediction markets. According to Senate procedural rules, this ban took effect immediately upon announcement.
This resolution, driven by Ohio Republican Senator Bernie Moreno, is only 14 lines long but unusually received unanimous approval from the entire chamber. Bernie Moreno stated that the resolution amends Senate Rule 37, strictly prohibiting senators from engaging in “any agreement, contract, or transaction based on whether a specific event occurs or to what extent it occurs, involving buying, selling, payment, or settlement.”
The wording in the resolution undoubtedly targets prediction platforms like Polymarket, Kalshi, and others. On these platforms, users can bet on major events such as presidential election outcomes, bill passage, economic data releases, and even geopolitical conflicts.
In a statement on Thursday, Bernie Moreno said, “Since U.S. senators are funded by taxpayers’ hard-earned money, they absolutely should not involve themselves in speculative activities like prediction markets—there’s no room for compromise on this.”

Serving in Congress has never been about finding new ways to enrich oneself, but about making tangible contributions to the American people.

As political games quickly gain popularity worldwide, recent cases have emerged where public officials have been penalized for betting on their own election prospects. In response, the world’s largest prediction platform, Polymarket, immediately expressed “full support” for the Senate’s decision on social platform X.
In fact, since reaching a settlement with the U.S. Commodity Futures Trading Commission (CFTC) in 2022, Polymarket has theoretically prohibited U.S. users from trading. The company emphasized that its user terms “already strictly prohibit such activities, but officially codifying it into law is undoubtedly a significant step forward for the entire industry.”