U.S. Senate Passes Regulation Limiting Senators' Participation in Prediction Market Trading

04/30 17:40

On May 1, the U.S. Senate unanimously passed a regulation on Thursday that prohibits senators from participating in prediction market trading, which takes effect immediately. This move comes amid growing concerns over insider trading on prediction market platforms such as Kalshi and Polymarket, as well as contracts related to events that may involve death or violence.

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