US Senate bans itself from betting on prediction markets
Burns Brief
The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House.
Key Takeaways
- The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House