Proposed
Bill · 119th Congress · S 4188
Public Integrity in Financial Prediction Markets Act of 2026
Refreshed 2 h ago
Introduced 2026-03-25Topic: governance ethics · economy jobsSummary
AI-generated summary, report an errorThis bill would bar the President, Vice President, Members of Congress, many congressional staff, political appointees, and federal agency employees from using nonpublic information gained through their jobs to make a profit by trading prediction market contracts. Prediction market contracts are bets or financial contracts tied to whether an event happens, including those on platforms based outside the United States. A violation would bring a fine of up to $500 or double the profit made, whichever is greater. Covered individuals would have to report any prediction market trade worth more than $250 to their ethics office within 30 days. Ethics offices would have 180 days to set up rules, forms, and penalty collection, and post them online.
Sponsors
- Elissa Slotkin Democrat sponsor
- 3 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-03-25 | Senate | Read twice and referred to the Committee on Homeland Security and Governmental Affairs. | refer |
| 2026-03-25 | Introduced in Senate | introduce |