3 ms·
Any 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 lik
by ribosometronome 6mo ago
Any 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/FILE_2525.pdf 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?
- CGMthrowaway 6mo agoThis is rules of the Senate, not law, so everything is up to interpretation by the Ethics Committee. And we know how that goes
- alex43578 6mo agoNot a lawyer, but that sounds like the language regulating swaps.
- knollimar 6mo agoWhat about options and futures?
- blazespin 6mo agoNo, because that's real money.
- jrmg 6mo agoOr buying health insurance? Edit: I guess that’s not dependent on a ‘specific’ future event.