"Serving in Congress is an honor, not a side hustle. Americans deserve to know that their leaders are here for the right reason!"
"I applaud the Senate for passing this resolution to ban Senators and their offices from trading on prediction markets. Kalshi already proactively blocks members of congress and enforces against insider trading."
The Senate has unanimously passed a resolution prohibiting members from trading on prediction markets such as Kalshi and Polymarket. This change was made via a voice vote, indicating no objections from senators. The resolution, introduced by Sen. Bernie Moreno, also calls for similar restrictions in the House, executive branch, and judiciary. The move aims to enhance public trust and address concerns regarding insider trading. Kalshi's CEO praised the resolution, noting that their platform already prohibits Congress members from trading.
Read at www.businessinsider.com
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