Sen. Bernie Moreno, R-Ohio, on Friday introduced legislation to ban lawmakers from using betting markets.”Any Senator who came to DC to cash in, game prediction markets, or treat public office like a side hustle is betraying the oath they swore to their country,” he posted on X.”I’m introducing legislation to BAN this insider trading in the Senate and will call for it to be passed UNANIMOUSLY.”
The legislation follows the FBI arresting a U.S. service member who bet on the removal of Venezuelan President Nicolás Maduro, before personally participating in the operation to remove him.
Congress has long faced scrutiny for alleged insider trading, though legislation to prohibit such trades has struggled to gain traction.
Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.
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