Senators Barred from Polymarket as Prediction Platforms Applaud Regulatory Clarity

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2026-04-30 19:37:02

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The U.S. Senate passed a resolution prohibiting senators and staff from participating in prediction markets, closing what Senator Moreno called "a self-dealing channel" for legislative insiders. The narrowly tailored rule leaves CFTC-regulated platforms like Polymarket and Kalshi unaffected while drawing rare industry praise for bolstering market integrity.

Kalshi's founder publicly endorsed the measure, highlighting existing congressional trading bans on their platform. The move signals growing institutional recognition of prediction markets as legitimate financial instruments rather than speculative gambling venues.

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