Bill · S.Res. 708· Senate(119-SRES-708)
A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.
- Introduced
- 4/30/2026
- Last activity
- 4/30/2026 — Resolution agreed to in Senate with amendments by Unanimous Consent. (consideration: CR S2151-2152, S2161; text: CR S2151-2152)
- Sponsored by
- Bernie Moreno
- Cosponsors
- None
- Introduced
- Adopted by the Senate
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution amends Rule XXXVII of the Standing Rules of the Senate. It prohibits Senators, officers, and employees of the Senate from engaging in certain transactions. Specifically, it forbids entering into agreements or contracts involving excluded commodities that depend on specific events or contingencies. The rule does not apply to insurance where there is a lawful insurable interest. Additionally, the Senate expresses its sense that the House, executive branch, and judicial branch should establish similar restrictions regarding prediction markets.
Yes
Does this make what the government does easier for the public to see?+4
The restriction on prediction market trading by Senate members and employees promotes integrity and transparency in legislative actions.
Does this give people more protection from unfair business practices?+3
By prohibiting Senate staff from trading on prediction markets, the bill aims to prevent the exploitation of non-public information.
Does this protect people from being watched or searched?+2
The bill limits the financial activities of government officials to prevent conflicts of interest related to event-based trading.
The opposite
Would people with substantial wealth be better off under this?-2
The bill limits the ability of high-ranking government officials to potentially profit from specific event-driven financial instruments.
Who it would affect, and how
Potential Positive Impacts for People
-
Prohibiting certain financial transactions: By preventing Senate members, officers, or employees from entering into contracts or swaps dependent on specific events, the bill targets prediction market trading (Section 1).
-
Establishing a standard for other branches: The Senate expresses its desire for the House of Representatives, executive branch, and judicial branch to establish similar restrictions regarding prediction markets (Section 2).
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+4Improves Privacy Rights+2
- Economy And Finance
- Improves Consumer Protection+3
- Demographic And Interest Groups
- Good For High Net Worth Individuals-2
| Updated | Bill | Title | Policy Area |
|---|---|---|---|
| 2 weeks ago | To improve the bill. |
- 4/30/2026
- Submitted in Senate
- Submitted in the Senate.
- Passed/agreed to in Senate: Resolution agreed to in Senate with amendments by Unanimous Consent.
- Resolution agreed to in Senate with amendments by Unanimous Consent. (consideration: CR S2151-2152, S2161; text: CR S2151-2152)