U.S. senators are officially banned from trading on prediction markets on platforms like Kalshi and Polymarket after the body unanimously passed a rule Thursday barring their participation in the controversial online gambling practice.
If their gambling overlaps with existing laws, however, like insider trading or fraud, the Senate Ethics Committee can refer senators to law enforcement for criminal prosecution.
by yourfavchoom
18 Comments
Now do the president, cabinet and all other government officials.
Dantg
what about their spouses, dogs, kids?
Now do the stock market
Who is actually going to enforce that in the current environment?
9/11 for U.S. senators
Ok and the admin???
I’d like to see the list of all those who voted ‘no’ on this, please.
“We banned ourselves from trading.”
… uhhh, no, no you didnt.
Something tells me it will still happen
regular-degular insider stock trading is still legal
I don’t believe you
It’s Nancy Pelosi’s husband going on Polymarket after she spills at dinner that’s more insidious
Oh I’m sure this will really slow them down
The right decision to make.
Fuck. Bernie. Moreno.
That is all.
Technically
https://preview.redd.it/7x6efynvkeyg1.jpeg?width=3772&format=pjpg&auto=webp&s=cb9f4a9266b028d1519652ebbefea351b059df1c
So they passed something, but there’s literally no enforcement mechanism.
