[U.S. Senate Prohibits Senators from Participating in Prediction Market Trading] Odaily Planet Daily News: The U.S. Senate unanimously passed Resolution (S. Res. 708), prohibiting senators from participating in prediction market trading, effective immediately. The proposal, introduced by Bernie Moreno, aims to curb speculative trading using non-public information. Recently, several related incidents have drawn regulatory attention, including cases where individuals profited in prediction markets using confidential information. Meanwhile, platforms like Kalshi and Polymarket are also strengthening internal controls to prevent insider trading. At the state level, New York and Illinois have implemented similar measures to restrict public officials from using non-public information in prediction markets.