S. Res. 708 · Passed Senate · Congress

A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.

Sponsor: Bernie Moreno (R-OH)

What it does

• Amends Standing Rule XXXVII to prohibit Senators, officers, and employees of the Senate from entering into contracts or transactions tied to excluded commodities dependent on the occurrence of a specific event or contingency.
• Exempts insurance transactions from the prohibition when the insured holds a lawful insurable interest.
• Expresses the sense of the Senate that the House of Representatives, executive branch, and judicial branch should establish similar restrictions on participation in prediction markets.

Latest action

Apr 30, 2026: Resolution agreed to in Senate with amendments by Unanimous Consent. (consideration: CR S2151-2152, S2161; text: CR S2151-2152)