Senate Bans Members From Trading on Kalshi and Polymarket
- Source
- CNBC
- Time
- 10:51 PM
- Weight
- 95/100
The U.S. Senate has unanimously passed a new rule that prohibits its members from trading on prediction markets, effective immediately.
The decision targets platforms such as Kalshi and Polymarket, where users wager on the outcomes of real-world events. The ban was prompted by mounting concerns regarding potential insider trading and the ethical implications of betting on sensitive government functions, including elections and military operations.