U.S. Senate bans prediction market trading for members in unanimous ethics vote

Senate has moved quickly to prohibit its own members from trading on prediction markets, citing growing concern over insider advantages and ethical gray areas tied to the fast-expanding platforms. In a unanimous April 30 vote, lawmakers approved a rule barring senators, staff, and Senate officers from participating, with immediate effect. Rising scrutiny over prediction market access Pressure had been building as watchdogs and policymakers raised concerns that access to sensitive or non