H.R. 8076In committeeGovernment & democracy
Federal officials would be barred from betting on political prediction markets
Data as of July 11, 2026
HR 8076 bans federal officials and their families from trading on prediction markets tied to political events, with fines for violations.50-second read · 5 questions answered below
Decoded
What does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
What does it cost, and who pays?
- Fine is 10% of trade value
- Profits from violations must be returned
- Fines go to the U.S. Treasury
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- 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.
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How it's being covered
Real reporting on this bill, labeled by each outlet's political lean.
- Bipartisan ‘Predict Act’ Introduced to Ban Lawmakers and the President from Prediction Market Trading
financefeeds.comMar 26, 2026
- Proposed Bill Seeks to Ban President, Congress from Prediction Markets
cointelegraph.comMar 26, 2026
- Lawmakers Propose Blocking U.S. Officials From Using Prediction Markets
financefeeds.comMar 26, 2026
- Bill Proposes To Stop Government Officials Betting on Prediction Markets
cointelegraph.comMar 27, 2026
- US Congressman Moves to Ban Staff From Trading on Prediction Markets
decrypt.coMar 26, 2026
Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.
Official title
PREDICT Act
- Introduced:
- March 25, 2026
- Latest action:
- March 25, 2026
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.
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