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Federal workers would be barred from political prediction market bets

In committeeH.R. 7004Latest action

Sponsor: Ritchie Torres · Representative · NY

AIDecoded by AI · checked against the record
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Official title: Public Integrity in Financial Prediction Markets Act of 2026

119th Congress

Topics: Government & democracy

Introduced:

Read the official bill on Congress.gov

In plain words

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Federal workers and officials with access to inside government information could not bet on prediction markets tied to policy or political outcomes.

40-second read · 4 questions answered below

What does this do?

This bill would ban certain federal government workers and officials from placing bets on prediction markets when those bets involve government policy, government actions, or political outcomes. The ban applies specifically when those individuals already have inside government information the public cannot access, or when their job gives them a reasonable chance to get such information.

Who does it affect?

The ban covers elected members of Congress, their staff, political appointees, and employees of federal agencies.

Why does it matter?

Without this rule, people with access to non-public government information could have an unfair advantage when betting on political or policy outcomes. For example, a federal employee who knows about a policy decision before it is made public could use that knowledge to profit on a prediction market tied to that policy.

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Read the official bill on Congress.gov

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Where does it stand?

  1. IntroducedJan 9, 2026
  2. House committeeYou are here · Jan 9, 2026
  3. House vote
  4. Senate
  5. The president's desk

Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.

Latest action: — Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Data as of October 9, 2026
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