U.S. Senate News & Prediction Market Coverage
Track the latest U.S. Senate news across prediction markets. Prediction News is following 10 active U.S. Senate stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
CFTC sues Minnesota to block nation's first felony prediction market ban
LegalCoalition urges Senate to restrict sports event contracts on prediction markets
LegalN.J. committees advance 9% prediction market tax bills for fall return
LegalGaming coalition lobbies Senate to ban sports prediction markets in crypto bill
LegalSteil pushes to bar lawmakers from trading on Kalshi and Polymarket
LegalSenate Commerce Committee grills Kalshi and Crypto.com on sports betting ads and oversight gaps
LegalSenate panel grills prediction market and sportsbook reps on marketing and cheating
LegalSchumer presses House and White House to adopt Senate prediction market ban
LegalSenate advances twin bills barring executive officials from prediction market trades
LegalSenate unanimously bans members and staff from trading on Kalshi and Polymarket
Frequently Asked Questions
Did the U.S. Senate ban members from trading on prediction markets?
Yes. In April 2026 the Senate unanimously adopted rules prohibiting senators, officers, and employees from participating in prediction markets; the ban took effect immediately and requires divestiture of positions.
What Senate legislation targets sports prediction markets?
Senators Curtis and Schiff introduced the bipartisan Prediction Markets Are Gambling Act to prohibit CFTC-regulated platforms from listing sports or casino-style event contracts.
Has the Senate held hearings on prediction markets?
Yes. The Senate Commerce Committee questioned Kalshi and Crypto.com executives in May 2026 on sports-betting ads, regulatory gaps, and game-integrity risks.
Why is the Senate concerned about prediction markets?
Concerns center on insider trading by officials with non-public information, marketing practices, and the risk that sports event contracts function as unregulated nationwide gambling.
What is the Senate's current position on prediction market regulation?
As of June 2026 the Senate has imposed a trading ban on its own members and is considering both restrictions on sports contracts and broader oversight standards for event contracts.