WASHINGTON – Today, the Senate passed Senator Bernie Moreno’s (R-Ohio) resolution banning sitting United States Senators, Officers, and staff from using prediction markets by unanimous consent. Senator Moreno released the following statement:
“United States Senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” said Senator Moreno. “Serving in Congress should never be about finding new ways to profit; it should be about delivering results for the American people.”
Watch Senator Moreno’s full remarks HERE or below.
Senator Moreno’s resolution modifies the standing rules of the Senate to prohibit Senators from entering any financial deal where the outcome depends on whether a specific event does or does not happen.
Read the full text of the resolution HERE.