hold on there's just too much going on in Congress lmao...
Bans officials using inside info in prediction markets.
Introduced by Ms. Slotkin, Mr. Young, Mr. Schiff, Mr. Curtis.
Introduced in the Senate, awaits committee review.
This bill prohibits government officials, including the President, Vice President, Members of Congress, and various federal employees, from using nonpublic information gained from their positions to profit from prediction market contracts. It was introduced in the Senate by a bipartisan group of legislators and is currently awaiting review by a Senate committee.
Introduced Mar 25, 2026
The bill has been introduced in the Senate and assigned to the Committee on Homeland Security and Governmental Affairs. For it to become law, it would typically need to pass through this committee, be voted on and passed by the full Senate, then pass the House of Representatives, and finally be signed by the President.
If passed, the bill would fine government officials who profit from prediction market contracts using nonpublic information. These fines would be at least $500 or double the profit made. Federal ethics offices would be tasked with establishing new procedures, rules, and guidelines to implement these prohibitions and collect fines, and they would publish these details online. This could lead to greater public confidence in how officials handle their finances related to future event predictions.
Supporters Say
Supporters would argue the bill enhances public trust by preventing federal officials from profiting unfairly using insider information.
Critics Say
Critics might raise concerns about the bill's scope, enforcement challenges, or potential overreach into personal financial activities.
Those in favor would highlight that the bill promotes public integrity and prevents conflicts of interest by ensuring officials cannot personally gain from information unavailable to the public. Those against might argue that defining and monitoring 'prediction market contracts' and 'nonpublic information' could be complex, or that the bill's restrictions on officials' financial activities are too broad.