Senate quietly bans lawmakers from betting on prediction markets

Senators can no longer use insider information to profit on emerging prediction market platforms.

The Senate, before leaving Washington, D.C., for a weeklong recess, quietly passed legislation that would prevent senators and their staff from betting on prediction markets like Kalshi and Polymarket.

On those platforms, users can bet on nearly anything, from world events and political races to the outcome of a war or whether a notable figure will get a divorce.

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