SRES 708 Agreed to

Bars senators and Senate officers and employees from entering into contracts whose payout depends on a specific event, such as prediction market bets, and urges the House, executive branch, and courts to adopt similar limits.

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

Outcome Agreed to by the Senate

Timeline each lane is a chamber; dates pull from congress.gov actions

Senate

Introduced 30-APR-2026

Passed 30-APR-2026

Key points

Adds a new paragraph 15 to Senate Rule XXXVII barring Senate members, officers, and employees from entering or offering to enter contracts tied to excluded commodities whose payout depends on an event occurring or not occurring.
Exempts insurance where the insured holds a lawful insurable interest.
Renumbers the existing paragraph 15 of Rule XXXVII as paragraph 16.
Expresses the sense of the Senate that the House, executive branch, and judicial branch should set similar restrictions on prediction market participation.

AI-generated from the Agreed to Senate text of 30-APR-2026 · verify · report an error

Official CRS summary

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Committee referrals (0)

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Policy area

Congress

Sponsor Bernie Moreno (R-OH) Cosponsors · 0

No cosponsors.

congress.gov page Agreed to Senate (30-APR-2026)