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Senator Moreno proposes banning senators from trading on prediction markets to prevent insider trading.
Senator Bernie Moreno introduced a resolution to ban sitting U.S. senators from trading on prediction markets like Polymarket, citing concerns over insider trading and ethical misconduct.
The measure prohibits entering contracts tied to specific events, framing the activities as a betrayal of public trust.
The push follows scrutiny of the platforms after a soldier allegedly used classified information to profit from bets on world events.
Moreno emphasized the need for federal regulation, aligning with broader efforts to curb political insider trading and address President Trump's criticism of gambling-like behavior in public affairs.
El senador Moreno propone prohibir a los senadores comerciar en mercados de predicción para evitar el comercio de información privilegiada.