Prediction Market Act of 2026

This bill changes federal commodity law on event contracts, which are contracts based on whether something happens, listed on regulated exchanges. It lets the Commodity Futures Trading Commission block event contracts tied to illegal activity, terrorism, assassination, war, violence, gaming, or similar activity, and sets rules for advertising, anti-money laundering checks, age verification, and handling customer funds. It bars Members of Congress, the President, the Vice President, and certain senior executive officials from trading event contracts. It creates a consumer protection advisory council, an Office of the Retail Advocate with an Ombudsman, and an innovation advisory committee, and it requires studies of event contract markets. It authorizes $30 million per year from 2027 through 2031 for the Commission to carry out the law.

Full text and official record on Congress.gov

Sponsors

• David McCormick Republican sponsor
• 2 cosponsors