S.Res. 708 — A resolution amending rule XXXVII of the Standing Rules of the Senate to prohibit Senators from trading on prediction markets.

This section prohibits Members, officers, and employees of the Senate from entering into, or offering to enter into, any agreement, contract, swap, or transaction involving an excluded commodity—as defined in the Commodity Exchange Act (i.e., certain nonfinancial interests or events such as weather or other contingencies)—that is dependent on the occurrence, nonoccurrence, or extent of a specific event. Such prohibition does not apply to insurance for which the insured holds a lawful insurable interest.

This section expresses the sense of the Senate that the House of Representatives, executive branch, and judicial branch should establish restrictions similar to those under section 1 relating to participation in prediction markets.