Bill > SRes708

This Resolution amends the internal rules of the United States Senate to ban Senators, as well as Senate officers and employees, from trading on "prediction markets," which are platforms where people bet money on the outcomes of future events like elections or legislation. Specifically, it prohibits these congressional officials from entering into financial contracts tied to the occurrence or non-occurrence of specific future events, though it includes a standard exception allowing them to purchase legitimate personal insurance policies. This measure addresses growing ethical concerns about conflicts of interest, as lawmakers frequently possess non-public information that could give them an unfair advantage when wagering on political and economic outcomes. Additionally, the Resolution includes a non-binding statement expressing the Senate's view that the House of Representatives, the executive branch, and the judicial branch should adopt similar ethics rules to ban their own officials and employees from participating in prediction markets.