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S.Res. 708

ResolutionFederalSenatePassed Senate
A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
About This Bill
Passed
Latest Action · April 30, 2026
Resolution agreed to in Senate with amendments by Unanimous Consent.
Congress
119th (2025–2027)
Introduced
April 30, 2026
Cosponsors (0)
None
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Summary

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This resolution amends Senate rules to prohibit senators, officers, and Senate employees from trading on prediction markets, which are platforms where people bet on the outcomes of future events like elections, policy decisions, or other contingencies. The ban covers any financial agreements or transactions tied to specific events or outcomes, though it includes an exception for legitimate insurance policies where the person has an insurable interest. The resolution was submitted by Senator Moreno in April 2026 and has already been agreed to by the Senate. Additionally, the resolution expresses the Senate's view that the House of Representatives, executive branch, and judicial branch should adopt similar restrictions on prediction market trading for their members and employees.

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