- The US Senate ban passed unanimously, reflecting concerns about insider trading.
- Kalshi confirmed its response to the resolution, saying it had already imposed a preemptive lockdown on members of Congress.
The US Senate unanimously passed S. Res. 708, which prohibits senators from participating in prediction market trading, including polymarket и KalshiTo prevent insider trading, the resolution was sponsored by Republican Senator Bernie Moreno. He was the one who stated that the CLARITY Act should be passed by the end of May or delayed until 2030.
The new document prohibits senators and department employees from betting on political events on platforms such as polymarket и KalshiThis is a necessary step, as it turns out that market forecast data correlates with voting results before they are publicly announced.
The company Kalshi already stated, which had previously blocked members of Congress from accessing its platform, and called the Senate vote “an important step toward increasing confidence in the markets,” suggesting that “the resolution codifies existing industry practices.”
Previously edited Happy Coin News ReportedThe U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit in Manhattan federal court accusing New York state of interfering with prediction markets that are under federal law under Washington’s control.
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