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Senate Bans Prediction-Market Trading, Kalshi Fines Lawmakers

5/1/2026

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Summary

Story summary

The U.S. Senate passed a rule on April 30, 2026 banning senators from prediction-market trading.
Republican Sen. Bernie Moreno of Ohio introduced the resolution, which passed by voice vote.
The resolution urged the House, executive branch and judiciary to adopt comparable bans.
Kalshi fined one Senate and two House candidates for insider trading on April 22, 2026.

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Story summary

The U.S. Senate passed a rule on April 30, 2026 banning senators from prediction-market trading.
Republican Sen. Bernie Moreno of Ohio introduced the resolution, which passed by voice vote.
The resolution urged the House, executive branch and judiciary to adopt comparable bans.
Kalshi fined one Senate and two House candidates for insider trading on April 22, 2026.