The US Senate on Thursday unanimously approved a resolution banning its members and staff, who are often exposed to sensitive information, from using prediction markets.
The resolution, passed by unanimous consent, changed the Senate’s rules and took immediate effect.
“Engaging in any way in a prediction market or trying to place bets where we might have inside information deteriorates the confidence that our constituents have in us,” Republican Senator Bernie Moreno, who introduced the resolution, said on the Senate floor.
“By changing the standing rules of the Senate, what we’re doing is allowing our constituents to know, once and for all, that no member of the United States Senate, no member of the staff of the United States Senate, can ever use that inside information as a…
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Source cointelegraph.com
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