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Senate bans its own members and staff from betting in prediction markets

Nbcwashington · · 458 words · By Mary Clare Jalonick; The Associated Press
Ethics in Government Insider Trading Prediction market regulation
open_in_new Read the original article: https://www.nbcwashington.com/news/national-international/senate-bans-members-st…

psychologyDetected Techniques

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
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Glittering Generalities 70% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 6
info Single Source 2
help Insufficient Evidence 2
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“The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets”
CORROBORATED
Multiple independent sources (AP, Sarah Rumpf/News report, and another web source) confirm the Senate approved a bipartisan resolution to ban members from using prediction markets.
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web search NEUTRAL — WASHINGTON (AP) — The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets , banning senators who are often privy to sensitive information from making b…
https://www.aol.com/articles/senate-bans-own-members-staff-1…
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web search NEUTRAL — Senate bans senators from prediction market trading.Senate Passes Resolution Banning Senators and Staff From Trading on Prediction Markets — Effective Immediately. Yesterday. By Sarah Rumpf.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — The Senate passed a resolution amending Senate rules to forbid members and Senate employees from making prediction market trades via a "voice vote" — meaning no senator objected, and a formal roll cal…
https://www.businessinsider.com/senate-ban-prediction-market…
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“The measure that passed unanimously by voice vote Thursday was written as a change to the Senate’s rules, so it will go into effect immediately.”
CORROBORATED
The evidence confirms the resolution passed via a 'voice vote' and amended Senate rules to take effect immediately.
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web search NEUTRAL — The United States Senate is a chamber of the bicameral United States Congress; it is the upper house, and the U.S. House of Representatives is the lower house. Together, the Senate and House have the …
https://en.wikipedia.org/wiki/United_States_Senate
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web search NEUTRAL — This list includes all senators serving in the 119th United States Congress. As of March 2026, there are 53 Republican senators, 45 Democratic senators, and two independent senators who caucus with th…
https://en.wikipedia.org/wiki/List_of_current_United_States_…
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web search NEUTRAL — Browse the art and artifacts of the U.S. Senate Collection. Presented to enlighten, amuse, and inform, our new Senate history blog explores the forces, events, and personalities that have shaped the m…
https://www.senate.gov/
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“a U.S. special forces soldier was charged with using classified information to bet on the January capture of Venezuela's then-president, Nicolas Maduro”
CORROBORATED
Three separate web search results confirm that a U.S. special forces soldier was charged by the DOJ for using classified information to bet on the capture of Nicolas Maduro.
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web search NEUTRAL — A U.S. special forces soldier was arrested and charged with using classified information about the raid to capture Venezuelan leader Nicolás Maduro to profit from prediction market bets, the Departmen…
https://www.axios.com/2026/04/23/us-soldier-arrested-maduro-…
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web search NEUTRAL — A US special forces soldier involved in the military operation that captured Nicolas Maduro has been arrested after he allegedly bet on the removal of Venezuela's former leader before the information …
https://www.bbc.com/news/articles/c20832yg5p2o
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web search NEUTRAL — Federal authorities on Thursday charged a U.S. Army soldier who took part in the operation to capture Nicolás Maduro with using classified information to reap more than $400,000 from bets on the forme…
https://www.wsj.com/us-news/law/u-s-soldier-in-maduro-raid-i…
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“Sen. Bernie Moreno, R-Ohio, who sponsored the resolution.”
SINGLE SOURCE
The provided evidence for this claim consists of search results for 'Minecraft Legacy Launcher' and is completely irrelevant to Senator Bernie Moreno.
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web search NEUTRAL — Just download the file for your operating system and run it to get started. Save your username and track your total journey with automated playtime counting and custom player profiles. Automatically f…
https://gradengnostic.github.io/legacylauncherweb/
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web search NEUTRAL — Legacy Launcher is a third-party, free launcher for Minecraft: Java Edition that allows users to play the game without official Mojang or Microsoft authentication, supporting offline mode and non-prem…
https://grokipedia.com/page/Legacy_Launcher
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web search NEUTRAL — Feb 26, 2025 · The Minecraft legacy launcher is an older version of the current launcher, allowing players to install and run the game on older devices and builds.
https://www.sportskeeda.com/minecraft/minecraft-legacy-launc…
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“An amendment by Sen. Alex Padilla, D-Calif., broadened the measure to include staff.”
CORROBORATED
The Associated Press and another news source confirm that Senator Alex Padilla introduced an amendment to include staff in the ban.
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web search NEUTRAL — California elects United States senators to class 1 and class 3. The state has been represented by 48 people in the Senate since it was admitted to the Union on September 9, 1850.
https://en.wikipedia.org/wiki/List_of_United_States_senators…
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web search NEUTRAL — An amendment by Sen. Alex Padilla, D-Calif., broadened the measure to include staff.Prediction markets, including the betting platform Polymarket and its chief rival Kalshi, have come under scrutiny a…
https://www.adn.com/nation-world/2026/04/30/senate-bans-its-…
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web search NEUTRAL — The US Senate unanimously voted to ban senators, staff and officers from trading on prediction markets, moving to close an ethics gap as event-based betting platforms draw fresh scrutiny over insider-…
https://www.sandmark.com/news/top-news/us-senate-bans-member…
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“Sens. Todd Young, R-Ind., and Elissa Slotkin, D-Mich., have introduced a bill to ban all federally elected officials and government employees from using insider information to make prediction market bets.”
CORROBORATED
Fortune and another source confirm that Senators Todd Young and Elissa Slotkin introduced a bill to ban all federally elected officials and government employees from using insider information for prediction market bets.
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web search NEUTRAL — Slotkin was a Central Intelligence Agency (CIA) analyst and Department of Defense official, ending her career there as the acting Assistant Secretary of Defense for International Security Affairs.
https://en.wikipedia.org/wiki/Elissa_Slotkin
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web search NEUTRAL — Sens. Todd Young, R-Ind., and Elissa Slotkin, D-Mich., have introduced a bill to ban all federally elected officials and government employees from using insider information to make prediction market b…
https://fortune.com/2026/04/30/senate-bans-senators-staff-fr…
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web search NEUTRAL — Todd Young (R, Ind.) and Sen. Elissa Slotkin (D, Mich.) introduced a bill that would ban federally elected officials and government employees from using insider information to bet on these prediction …
https://time.com/article/2026/05/04/chuck-schumer-senate-whi…
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“The Associated Press reported that a group of new accounts on Polymarket made highly specific, well-timed bets on whether the United States and Iran would reach a ceasefire on April 7”
SINGLE SOURCE
The provided evidence for this claim contains general descriptions of the Associated Press and Associated Bank, but does not contain the specific report about Polymarket bets on an April 7 ceasefire.
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web search NEUTRAL — The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all format…
https://apnews.com/
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web search NEUTRAL — Get your checking account, savings account, or loan at Associated Bank. Online bill pay, online banking, overdraft protection, and more. 24/7/365 customer care.
https://www.associatedbank.com/
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web search NEUTRAL — Welcome to the official website of Associated Supermarkets! See our weekly ad, browse delicious recipes, or check out our many programs.
https://www.shopassociated.com/
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“On the same day the AP published the report, the White House warned staff against using private information to trade on prediction markets.”
CORROBORATED
Multiple sources (PoliticalOS, RT Business News, and a general web search) report that the White House warned staff against using insider information/private information for prediction market trades, specifically mentioning the Iran conflict context.
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web search NEUTRAL — "Not all prediction markets are the same.” White House spokesman Davis Ingle said Trump has been clear that "members of Congress and other government officials should be prohibited from using nonpubli…
https://www.independent.co.uk/news/world/americas/united-sta…
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web search NEUTRAL — The alleged trade came shortly before reported progress toward US-Iran deal to end the war, raising suspicions of insider information.On March 24, the White House reportedly issued a warning to staff …
https://www.rt.com/business/639563-insider-trading-us-iran-d…
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web search NEUTRAL — The White House sent memos warning staff against placing bets on prediction markets like Polymarket and Kalshi due to insider trading risks during the volatile US-Iran conflict.
https://politicalos.io/story/white-house-prediction-markets-…
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“Donald Trump Jr., the president’s eldest son, is an adviser for both Polymarket and Kalshi.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to support or refute this claim.
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“Trump’s social media platform Truth Social is also launching its own cryptocurrency-based prediction market called Truth Predict.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to support or refute this claim.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.