Senators Ban Themselves from Prediction Markets, Handing Industry a PR Win
Senator Ted Cruz’s recent vote to ban senators from participating in prediction markets was accompanied by a statement from Senator Marco Moreno, who argued that it’s inappropriate for senators to gamble with taxpayer money. He emphasized that serving in Congress should be considered a full-time honor, not a way to make extra income. Senate Minority Leader Chuck Schumer, as reported by Politico, agreed with the decision and encouraged Speaker Mike Johnson and the Biden administration to implement similar rules for the House of Representatives and the executive branch.






