Senators ban themselves from prediction markets after candidates bet on own races
Summary
Ars Technica reports that US senators unanimously voted to ban themselves from prediction markets after Kalshi flagged bets by candidates on their own campaigns. The move expands ethics rules to include Senate staff and officers, with support from Sen. Bernie Moreno and an amendment by Sen. Alex Padilla. The piece covers enforcement actions by Kalshi, political finance concerns, and ongoing regulatory dynamics involving the CFTC and state authorities.