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US Senate chamber interior with desks and dais, representing the prediction market ban vote.

US Senate Bans Prediction Markets: Unanimous Vote Blocks Insider Betting on Political Events

May 1, 2026 Jackson Miller

The US Senate unanimously passed a resolution banning its members and staff from using prediction markets. The move aims to prevent insider trading on political events. Lawmakers approved the rule on May 1, 2026, in Washington, D.C. The resolution changed Senate rules immediately. It prohibits senators and their aides from placing bets on platforms like […]

Democratic lawmakers propose a prediction markets bill to prevent insider trading on geopolitical events.

Breaking: Dems Unveil Bill to Ban Insider Trading on Prediction Markets After Iran Strike Bets

March 7, 2026 Jackson Miller

WASHINGTON, D.C., May 22, 2026 — U.S. Democratic lawmakers are drafting urgent legislation to regulate cryptocurrency-based prediction markets following revelations of highly specific, profitable bets placed on the timing of recent U.S. military strikes against Iran. Senator Chris Murphy (D-CT) and Representative Mike Levin (D-CA) announced the planned bill on Wednesday, alleging that individuals with […]