Lawmakers Barred From Prediction Markets

The U.S. Senate unanimously passed a rule immediately banning senators (and their offices) from trading on prediction‑market platforms amid concerns about insider trading and morally fraught event contracts. Platforms and industry actors welcomed the move while advocates have asked the Commodity Futures Trading Commission to issue formal rules limiting certain event contracts. — This sets a precedent for legislative self‑restraint and signals imminent regulatory attention to prediction markets, with implications for market design, enforcement, and what kinds of ‘event contracts’ are permissible.