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H.R. 8076119th CongressIn committeeLatest action Mar 25, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 8076 bans federal officials and their families from trading on prediction markets tied to political events, with fines for violations.
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HR 8076 would prohibit certain federal government officials from participating in prediction markets, which are online platforms where people bet real money on political events such as election outcomes, congressional votes, or government policy decisions. Violators would be fined 10 percent of the trade's value and required to return any profits made.
The ban covers members of Congress and their spouses and dependent children, the President and Vice President, senior executive branch employees, political appointees, judges, and other high-ranking officials. Everyday Americans who use prediction markets would not be affected.
The concern driving the bill is that covered officials have access to non-public information and could use that inside knowledge to make profitable bets. Existing ethics offices would enforce the rules and would be required to post information about fines on a public website.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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 Committees on House Administration, and the Judiciary, 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.
Coverage of this bill from across the press — each outlet's political lean labeled where AllSides has rated it, and marked "Not rated" where it hasn't.
Newest of these articles:
financefeeds.com
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cointelegraph.com
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financefeeds.com
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cointelegraph.com
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decrypt.co
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Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.