alt Hacker NewsAny lawyers able to comment on the actual wording of the resolution? It kind of reads to me like in their effort to narrowly capture just prediction markets like Kalshi but not stock markets, they've perhaps unintentionally barred themselves from some other unintended things, too.
https://www.moreno.senate.gov/wp-content/uploads/2026/04/FIL...
>No Member of the Senate may enter into, or offer to enter into, an agreement, contract, or transaction that provides for any purchase, sale, payment, or delivery that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of a specific event.
Kind of seems like Senators would now be barred from like getting home or life insurance and certain kinds of casino gambling. Or like, making an offer on a home that is rescindable upon a failed inspection?
Replies
Or buying health insurance?
Edit: I guess that’s not dependent on a ‘specific’ future event.
Not a lawyer, but that sounds like the language regulating swaps.
This is rules of the Senate, not law, so everything is up to interpretation by the Ethics Committee. And we know how that goes