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A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
Amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
Summary
This resolution amends the Senate's standing rules to prohibit Senators and Senate employees from trading on prediction markets. Prediction market trades are defined as agreements or contracts whose value depends on whether a specific event occurs. The prohibition includes various forms of these transactions, such as contracts, swaps, or similar arrangements. An exception is made for insurance products where the person buying the insurance has a legitimate insurable interest. The resolution also expresses the Senate's view that the House of Representatives, the executive branch, and the judicial branch should adopt similar restrictions on prediction market trading.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Moreno, Bernie [R-OH] (R-OH)
Actions (4)
- Apr 30, 2026 Resolution agreed to in Senate with amendments by Unanimous Consent. · senate
- Apr 30, 2026 Passed/agreed to in Senate: Resolution agreed to in Senate with amendments by Unanimous Consent.
- Apr 30, 2026 Submitted in the Senate. · senate
- Apr 30, 2026 Submitted in Senate
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Text versions (1)
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Full text
IN THE SENATE OF THE UNITED STATES
April 30, 2026
Mr. Moreno submitted the following resolution; which was considered amended and agreed to
RESOLUTION
Amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
Resolved,
SECTION 1. PROHIBITION ON PREDICTION MARKET TRADING BY SENATORS.
Rule XXXVII of the Standing Rules of the Senate is amended—
(1) by redesignating paragraph 15 as paragraph 16; and
(2) by inserting after paragraph 14 the following: “15. No Member, officer, or employee of the Senate may enter into, or offer to enter into, an agreement, contract, swap, or transaction that provides for any purchase, sale, payment, or delivery of an excluded commodity, as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a), that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of a specific event or contingency. Nothing in this paragraph shall be construed to apply to insurance for which the insured holds a lawful insurable interest.”.
SEC. 2. SENSE OF THE SENATE.
It is the sense of the Senate that the House of Representatives, executive branch, and judicial branch should establish restrictions similar to those under section 1 relating to participation in prediction markets. <all>
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