Senate Unanimously Bans Members From Betting On Prediction Markets
Senate Unanimously Bans Members From Betting On Prediction Markets
The Senate has approved a bipartisan measure banning members and their staff from using insider information to profit on prediction market platforms, marking a rare unanimous action that took effect immediately. The rule change was adopted before lawmakers left Washington for a weeklong recess.
The measure, pushed by Sen. Bernie Moreno, prevents senators and their aides from placing bets on platforms such as Polymarket and Kalshi. These platforms allow users to wager on real-world events, including elections, geopolitical developments, and other high-impact outcomes.
Moreno said the effort aims to eliminate potential conflicts of interest and restore public trust in Congress. “I don’t believe we should trade stocks at all. It’s completely insane,” Moreno said. “I think we should focus on our jobs and have our voters go, ‘Hey, this guy’s voting this way, because this is the right thing for the state,’” he said.
The rule change passed unanimously and immediately amended Senate ethics rules, requiring no action from the House or the president. It applies specifically to senators and Senate staff.
Senate Minority Leader Chuck Schumer praised the move on the Senate floor and urged the House to adopt a similar standard. “Speaker Johnson should immediately do the same thing in the House,” Schumer said.
There is already an effort underway in the House to mirror the Senate’s action. Rep. Ashley Hinson is leading a push for comparable legislation, as part of a broader conversation about ethics and financial activity by lawmakers.
The move comes as Congress has struggled to reach consensus on other reforms, including proposals to ban stock trading by members while in office. Advocates of the new rule argue that prediction markets present a similar risk, particularly for officials with access to sensitive or nonpublic information.
Industry leaders have also expressed support for the change. Polymarket said it backs efforts to codify restrictions into law, noting that its own policies already prohibit insider trading.
“Happy to help move this forward however we can,” the company said in a statement.
Tarek Mansour, co-founder of Kalshi, also called for broader adoption of the rule. He said the company already blocks members of Congress from participating and enforces policies against insider trading.
“This is a great step to increase trust in our markets by making it an industry standard,” Mansour said.
Despite bipartisan support in the Senate, the rule applies only within that chamber, leaving House members and other government officials outside its scope for now. Lawmakers pushing for expanded measures say further action will be needed to address those gaps.
The Senate’s decision represents a rare moment of agreement on ethics reform, but its broader impact will depend on whether similar restrictions are adopted across the federal government.
Despite unanimous support in the Senate, the rule leaves key gaps. It does not apply to members of the House, executive branch officials, or the broader federal workforce, all of whom may also have access to sensitive or market-moving information.
Sens. Todd Young and Elissa Slotkin have introduced separate legislation that would extend restrictions across the federal government. Their proposal would prohibit officials from using insider information to place prediction market bets.
Lisa Kennedy recently married Fred in Hawaii: Who is the Fox News star’s new husband?
Lisa Kennedy recently married Fred in Hawaii: Who is the Fox News star’s new husband?
Fox News personality Lisa “Kennedy” Montgomery has entered a new chapter in her personal life after marrying Fred in a beautiful outdoor ceremony in Hawaii.
Kennedy shared photographs from the celebration at the Four Seasons Resort Lanai, giving followers a glimpse of the man she now calls her husband and the friends who joined them for the occasion.
“Married the love of my life at the Four Seasons Lanai in a Heidi Merrick dress drenched in sunshine and aloha,” Kennedy wrote. “I love you forever, Fred!!”
While Kennedy has been open about how much Fred means to her, she has kept many details about her new husband firmly outside the public spotlight.
Kennedy and Fred celebrate their marriage in Hawaii
The couple exchanged vows during an outdoor ceremony overlooking the Pacific Ocean.
Kennedy wore a sparkling white Heidi Merrick gown with a fitted silhouette, completing her bridal look with a veil and colorful tropical bouquet. Fred wore a light-blue suit with a white shirt, light-colored tie and brown shoes. The newlyweds also wore traditional Hawaiian leis.
Photographs showed Kennedy and Fred walking hand in hand as guests applauded, with the bride raising her bouquet in celebration. Another captured them cutting their multi-tiered wedding cake against a backdrop of palm trees, ocean views and the evening sky.
The wedding announcement became a major moment among Kennedy’s followers, receiving more than 154,000 likes and nearly 2,000 comments.
Several familiar Fox News personalities were also part of the celebration. Emily Compagno, Abby Hornacek and Alexis McAdams were among the recognizable guests photographed in Hawaii.
Emily later wrote that they had the “best time celebrating Kennedy and Fred’s marriage,” adding, “The Fox family showed up for our favorite girl.”
Who is Kennedy’s husband, Fred?
Despite the attention surrounding their wedding, Fred remains largely a private figure.
Based on what Kennedy has publicly shared, his surname, profession and detailed background have not been revealed. Even when announcing her marriage, Kennedy continued referring to her husband simply as Fred.
What she has shared, however, offers some insight into how unexpectedly their relationship entered her life.
Lisa Kennedy and her new husband Fred / Youtube
Kennedy discussed Fred publicly when announcing their engagement on The Five in December 2025. She revealed that he had proposed on December 10 and said the two had met recently and “unexpectedly.”
During the emotional on-air conversation, Kennedy described the impact their meeting had on her life.
“He is the most beautiful, wonderful human being,” she said. “And I had totally given up until those elevator doors opened and I met him out of the blue — he changed my life.”
Kennedy has not provided additional details about exactly where that first meeting occurred or the circumstances surrounding it.
Their relationship began before the public announcement
Although viewers did not learn about the engagement until December 2025, Kennedy revealed another detail suggesting Fred had quietly been part of her life for some time.
She told her The Five colleagues that she had secretly brought him to the Fox Christmas party the previous year.
“I snuck him in. Don’t tell security,” Kennedy joked during the conversation.
That revelation indicated the couple had already been seeing each other by at least December 2024, even though Kennedy had kept the relationship away from public attention.
Dana Perino was among those particularly moved by the engagement news.
Perino recalled learning about it while Kennedy was appearing on America’s Newsroom, telling her colleague that the announcement had made her cry.
“And Fred is such a wonderful guy,” Perino said before telling Kennedy, “I cried because I’m so happy for you.”
From a private romance to a Hawaiian wedding
Kennedy continued keeping Fred’s personal details private even as she became more open about their relationship.
That approach remained evident at their wedding. While she shared numerous photographs of their special day and publicly expressed her love for her new husband, she did not use the occasion to reveal his surname, career or other biographical information.
Instead, Kennedy kept the attention on their marriage and the happiness surrounding it.
The couple received congratulations from numerous familiar names, including Kat Timpf, Janice Dean, Sandra Smith, Griff Jenkins, Abby Hornacek and Meghan McCain.
For followers who had watched Kennedy announce her engagement months earlier, the Hawaiian ceremony provided the next chapter in a relationship that had largely developed outside the public eye.
What is publicly known about Fred remains limited, but Kennedy has made one thing unmistakably clear: she considers him the man who unexpectedly entered her life, changed it and ultimately became her husband.
From secretly attending a Fox Christmas party together to an emotional engagement announcement and finally exchanging vows beside the Pacific Ocean, Kennedy and Fred have now made their commitment official — while continuing to keep much of their story between themselves.
