00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. Senate unanimously passed a rule Thursday,
00:06barring senators from trading on prediction markets effective immediately
00:09amid concerns about insider trading, according to CNBC.
00:14The move followed actions involving Calci and Polymarket,
00:18including Calci suspending and fining political candidates for insider trading on April 22nd.
00:24On April 23rd, U.S. Army Special Forces soldier Gannon Ken Van Dyke
00:29was arrested and accused of using classified information
00:32to place bets on Polymarket tied to a military mission,
00:35generating nearly $410,000 in winnings.
00:39Lawmakers also urged the Commodity Futures Trading Commission to restrict such markets.
00:45Calci CEO Tarek Mansour praised the Senate's ban on lawmakers trading on prediction markets,
00:50said the company already blocks such activity.
00:53He urged the House to pass the measure.
00:55For all things money, visit Benzinga.com.
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