Federal Prediction Market Bills Introduced in 2026: What They Would Do

Congress saw a wave of prediction market-related legislation during the first half of 2026, with lawmakers introducing proposals ranging from regulatory frameworks and consumer-protection measures to bans on certain event contracts and restrictions on trading by government officials.

Below is a look at the major federal bills introduced this year and what each proposal would do.

Bills Regulating Prediction Markets

S. 4060 — Prediction Markets Security and Integrity Act

Sponsors: Sen. Richard Blumenthal (D-CT) and Sen. Andy Kim (D-NJ)

Progress: Referred to the Senate Committee on the Judiciary (March 11).

The Prediction Markets Security and Integrity Act would give states the authority to oversee prediction markets through an attorney general-approved state regulatory framework.

S. 4060 defines prediction markets as a form of wagering and requires operators to obtain state licenses.

It establishes consumer-protection and anti-fraud requirements, sets the minimum age at 21, creates a national self-exclusion program, and imposes restrictions on sports-event wagering, advertising, bonuses, VIP programs, credit-card deposits, and other gambling-related practices.

It would also prohibit contracts involving war, military action, death, and other matters deemed contrary to the public interest.

H.R. 8148 — Prediction Market RISK Act

Sponsors: Rep. Seth Moulton (D-MA)

Progress: Referred to the House Committee on Agriculture (March 27).

The Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act, or Prediction Market RISK Act, would reaffirm the Commodity Futures Trading Commission’s (CFTC) authority to enforce existing prohibitions on illegal trading practices involving prediction-market contracts.

The bill clarifies that the CFTC’s anti-fraud and anti-manipulation provisions apply to prediction markets and other event contracts.

S. 4469 — Prediction Market Act of 2026

Sponsors: Sen. Dave McCormick (R-PA) and Sen. Kirsten Gillibrand (D-NY)

Progress: Referred to the Senate Committee on Agriculture, Nutrition, and Forestry (April 30).

The bill would amend the Commodity Exchange Act to establish specific rules for event contracts and clarify the CFTC’s oversight authority.

Under the provisions, the CFTC will preserve the ability to review event contracts on a case-by-case basis. The agency would also have the authority to create enhanced certification procedures, customer disclosure requirements, marketing standards, know-your-customer and anti-money laundering requirements, customer fund protections, and new consumer protection initiatives.

S. 4469 would prohibit members of Congress and certain executive branch officials from trading event contracts. It also directs the CFTC to study insider trading risks and broader developments in the event-contract market.

S. 4555 — Gaming Advertisement to Minors Enforcement Act (GAME Act)

Sponsors: Sen. Katie Britt (R-AL), Sen. Richard Blumenthal (D-CT), and Sen. Marsha Blackburn (R-TN)

Progress: Referred to the Committee on Commerce, Science, and Transportation (May 18).

The GAME Act would prohibit large digital advertising platforms from displaying targeted ads for sports gambling platforms to minors.

S. 4555 defines sports gambling platforms to include prediction markets and would be enforced by the Federal Trade Commission. Platforms found to violate the law repeatedly could face civil enforcement actions and, after multiple violations, criminal penalties.

Bills Restricting Certain Types of Event Contracts

H.R. 7477 — Fair Markets and Sports Integrity Act

Sponsors: Rep. Dina Titus (D-NV) and Rep. Troy Nehls (R-TX)

Progress: Referred to the House Committee on Agriculture (Feb. 10).

The Fair Markets and Sports Integrity Act would prohibit prediction market platforms from offering contracts on sports events or casino-style games. The bill defines casino-style games to include products such as slots, blackjack, roulette, craps, poker, bingo, lotteries, and their digital equivalents.

H.R. 7840 — Event Contract Enforcement Act

Sponsors: Rep. Blake Moore (R-UT), Rep. Salud Carbajal (D-CA), Rep. Gabe Vasquez (D-NM), and Rep. Jodey Arrington (R-TX)

Progress: Referred to the House Committee on Agriculture (March 5).

H.R. 7840 would prohibit event contracts on elections, government activities, terrorism, assassination, war, unlawful activity, gaming, and other topics that the CFTC determines to be contrary to the public interest.

The bill would also allow states to exempt themselves from the prohibition on gaming-related event contracts through state law.

S. 4035 / H.R. 7942 — DEATH BETS Act

Sponsors:

• Senate: Sen. Adam Schiff (D-CA)
• House: Rep. Mike Levin (D-CA), Rep. Seth Moulton (D-MA)

Progress:

• Senate: Referred to the Committee on Agriculture, Nutrition, and Forestry (March 10).
• House: Referred to the House Committee on Agriculture (March 16).

The Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act, or DEATH BETS Act, would prohibit registered entities from listing or clearing contracts related to terrorism, assassination, war, or an individual’s death.

The measure was introduced after lawmakers scrutinized contracts tied to geopolitical and death-related events.

S. 4115 / H.R. 7955 — BETS OFF Act

Sponsors:

• Senate: Sen. Chris Murphy (D-CT), Sen. John Hickenlooper (D-CO), and Sen. Andy Kim (D-NJ)
• House: Rep. Greg Casar (D-TX), Rep. Gabe Amo (D-RI), Rep. Yassamin Ansari (D-AZ), Rep. Rashida Tlaib (D-MI), Rep. Seth Magaziner (D-RI), Rep. Jared Moskowitz (D-FL), Rep. André Carson (D-IN), Rep. Valerie Foushee (D-NC)

Progress:

• Senate: Referred to the Committee on the Judiciary (March 17).
• House: Referred to the Committee on the Judiciary, the Committee on Agriculture, and the Committee on Financial Services (March 17).

The Banning Event Trading on Sensitive Operations and Federal Functions Act, or BETS OFF Act, would prohibit wagers involving terrorism, assassination, war, and certain government actions.

The proposal also targets events in which government officials could control the outcome or are known in advance.

S. 4160 — Prediction Markets Are Gambling Act

Sponsors: Adam Schiff (D-CA), John Curtis (R-UT), and Catherine Cortez Masto (D-NV)

Progress: Referred to the Senate Committee on Agriculture, Nutrition, and Forestry (March 23).

S. 4160 would prohibit registered entities from listing, clearing, or trading contracts tied to sporting events, athletic competitions, and casino-style games.

The bill defines casino-style games to include slot machines, video poker, blackjack, roulette, craps, bingo, lotteries, and similar games, while preserving state authority to regulate or prohibit those activities under state law.

S. 4226 / H.R. 8123 — STOP Corrupt Bets Act

Sponsors:

• Senate: Sen. Jeff Merkley (D-OR), Sen. Elizabeth Warren (D-MA), Sen. Richard Blumenthal (D-CT), Sen. Chris Van Hollen (D-MD), and Sen. Sheldon Whitehouse (D-RI)
• House: Rep. Jamie Raskin (D-MD), Rep. Valerie Foushee (D-NC), and Rep. Betty McCollum (D-MN)

Progress:

• Senate: Referred to the Committee on Agriculture, Nutrition, and Forestry (March 26).
• House: Referred to the House Committee on Agriculture (March 26).

The Stop Trading on Predictions and Corrupt Bets Act, STOP Corrupt Bets Act, would prohibit event contracts tied to political elections, government and military actions, and sporting events.

The bill would also require the Government Accountability Office to conduct a study examining insider trading risks, participation by individuals ages 18 to 20, and other issues related to the integrity of prediction markets.

Bills Targeting Government Officials and Political Participants

S. 4188 / H.R. 7004 — Public Integrity in Financial Prediction Markets Act

Sponsors:

• Senate: Sen. Elissa Slotkin (D-MI), Sen. Todd Young (R-IN), Sen. Adam Schiff (D-CA), Sen. John Curtis (R-UT)
• House: Rep. Ritchie Torres (D-NY); 45 co-sponsors

Progress:

• Senate: Referred to the Committee on Homeland Security and Governmental Affairs (March 25).
• House: Referred to the Committee on Oversight and Government Reform, and the Committee on House Administration (Jan. 9).

S. 4188/ H.R. 7004 would prohibit government officials and employees from trading certain prediction-market contracts while possessing material nonpublic information or when they could reasonably obtain such information through their official duties.

The bill covers contracts tied to government policy and actions, as well as political outcomes.

S. 4017 — End Prediction Market Corruption Act

Sponsors: Sen. Jeff Merkley (D-OR), Sen. Amy Klobuchar (D-MN), Sen. Chris Van Hollen (D-MD), Sen. Adam Schiff (D-CA), and Sen. Kirsten Gillibrand (D-NY)

Progress: Referred to the Senate Committee on Agriculture, Nutrition, and Forestry (March 5).

S. 4017 would prohibit the President, Vice President, and Members of Congress from trading event contracts.

The bill would also restrict senior executive-branch officials from trading contracts tied to matters they oversee in their official capacities. Furthermore, it requires new event-contract disclosure filings and directs the CFTC to adopt insider-trading rules for prediction markets.

H.R. 8076 — PREDICT Act

Sponsors: Rep. Nikki Budzinski (D-IL); 25 co-sponsors

Progress: Referred to the Committee on Oversight and Government Reform, the Committee on House Administration, and the Judiciary Committee (March 25).

The Preventing Real-time Exploitation and Deceptive Insider Congressional Trading (PREDICT) Act would prohibit members of Congress, congressional staff, the president, vice president, senior executive branch officials, federal judges, and certain family members from trading contracts tied to political events.

H.R. 8076 imposes financial penalties and requires violators to disgorge any profits earned from prohibited transactions.

H.R. 8771 — Campaign Event Contract Integrity Act

Sponsors: Rep. Ritchie Torres (D-NY) and Rep. Seth Moulton (D-MA)

Progress: Referred to the House Committee on Agriculture (May 12).

H.R. 8771 would prohibit campaign-affiliated individuals from trading on political event contracts while in possession of material nonpublic campaign information. It would also require safeguards to monitor and report suspicious trading activity.

H.R. 8912 — Campaign Funds Integrity Act

Sponsors: Rep. Ritchie Torres (D-NY)

Progress: Referred to the House Committee on House Administration (May 19).

H.R. 8912 would prohibit candidates and political committees from using campaign funds to participate in prediction markets. Violations could trigger both civil and criminal penalties.

H.R. 9082 — Honesty and Trust in Service Act

Sponsors: Rep. Eugene Vindman (D-VA)

Progress: Referred to the House Committee on Armed Services (May 29).

H.R. 9082 would direct the Department of Defense to prohibit military personnel and civilian employees from participating in prediction-market transactions when they possess material nonpublic information obtained in the performance of official duties.

The bill was introduced after federal prosecutors charged a U.S. Army Special Forces soldier with insider trading tied to the capture of former Venezuelan President Nicolás Maduro to profit on the prediction market platform Polymarket.

Congressional Prediction Market Restrictions

S. Res. 708

Sponsors: Sen. Bernie Moreno (R-OH)

Progress: Agreed to by the Senate on April 30, 2026.

Senate Resolution 708 amends Senate rules to prohibit Senators, officers, and employees of the chamber from participating in prediction-market contracts.

H. Res. 1248

Sponsors: Rep. Dina Titus (D-NV); 24 co-sponsors

Progress: Referred to the Committee on Ethics, the Committee on the Judiciary, and the Committee on Oversight and Government Reform (April 30).

House Resolution 1248 would prohibit members of the House, officers, and employees from participating in prediction markets. The resolution includes an exception for lawful sports wagering.

H. Res. 1263

Sponsors: Rep. Ashley Hinson (R-IA)

Progress: Referred to the Committee on Ethics, the Committee on the Judiciary, and the Committee on Oversight and Government Reform (May 9).

Like H. Res. 1248, the resolution would prohibit House members and employees from participating in prediction markets. However, it does not include a sports wagering exception.

H.R. 8838 — Congressional Prediction Market Ban Act

Sponsors: Rep. Eugene Vindman (D-VA)

Progress: Referred to the House Committee on House Administration (May 14).

H.R. 8838 would prohibit members of Congress from participating in prediction markets and bar them from benefiting from trades conducted by certain members of their household.

The bill would also require annual compliance certifications and establish congressional ethics procedures for investigating and enforcing violations.

Gambling Research and Consumer Protection

H.R. 8970 — Gambling Disorder Health Study Act

Sponsors: Rep. Daniel Goldman (D-NY) and Rep. Blake Moore (R-UT)

Progress: Referred to the House Committee on Energy and Commerce (May 21).

While not directly focused on prediction markets, the Gambling Disorder Health Study Act would direct the Department of Health and Human Services to conduct research into gambling disorder and gambling-related harms.

The bill specifically identifies prediction markets as a form of gambling to be studied alongside sports betting, online gambling, casino games, esports betting, and other forms of wagering.