A resolution amending rule XXXVII of the Standing Rules of the...
A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
This bill, SR708, aims to change the Senate's rules to stop Senators from buying or selling on prediction markets, which are platforms where people can bet on the outcome of certain events, including political ones. It was introduced on April 30, 2026, by Senator Bernie Moreno, a Republican. The bill has been amended and agreed upon in the Senate with unanimous consent, meaning all Senators were in favor of these changes.
The bill affects all current and future Senators by prohibiting them from participating in prediction markets, which could include betting on election outcomes or other political events. By doing so, it aims to prevent potential conflicts of interest and maintain the integrity of the Senate.
Currently, SR708 has been introduced in the Senate and has been amended and agreed to. It has not yet been passed into law or moved to the House for consideration. The key action so far has been the unanimous consent to the amendment in the Senate, indicating broad support for the changes proposed in the bill.
