A ‘no-brainer’: Senate unanimously bans members and staff from using prediction markets

The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets, banning senators who are often privy to sensitive information from making bets on upcoming events.

The measure that passed unanimously by voice vote Thursday was written as a change to the Senate’s rules, so it will go into effect immediately. It comes a week after a U.S. special forces soldier was charged with using classified information to bet on the January capture of Venezuela’s then-president, Nicolas Maduro, and as lawmakers increasingly voice concerns about who might be making public wagers on the war with Iran.

“United States senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” said........

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