Sen. Bernie Moreno said Friday that he will introduce a resolution barring senators from using prediction markets like Polymarket and Kalshi.
The bill would modify Senate rules to prevent members from entering into a financial agreement contingent on an outcome. Moreno said he will ask for it to pass unanimously.
“Any Senator who comes to Washington, D.C. to cash in, play the markets, or treat public office like a side hustle is a betrayal to the people they swore to serve,” Moreno said in a statement. “If you’re here to enrich yourself instead of fight for the American people, this is a clear abuse of power and you have no business holding public office.”