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Bill would ban lawmakers and families from prediction market betting

In markupH.R. 9367Latest action

Sponsor: Bryan Steil · Representative · WI

AIDecoded by AI · checked against the record
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Official title: Stop Lawmakers From Predicting Act

119th Congress

Topics: Government & democracy

Introduced:

Read the official bill on Congress.gov

In plain words

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Members of Congress, spouses, and dependent children would be barred from profiting off prediction markets tied to their government knowledge.

45-second read · 5 questions answered below

What does this do?

The bill bans covered individuals from entering bets or contracts whose payout depends on government policy, government action, political outcomes, or other events learned about through a lawmaker's congressional job. Violations can trigger financial penalties from the overseeing ethics office. Rules take effect 180 days after enactment.

Who does it affect?

Members of Congress, their spouses, and their dependent children. Ordinary citizens using prediction markets are not affected.

Why does it matter?

The rule aims to prevent lawmakers from using insider knowledge gained through their office to profit from betting-style markets on government or political events.

What does it cost, and who pays?

  • fine: $2,000 or 10% of bet, larger applies
  • plus any illegal profit
  • must pay with personal funds

AI-drafted summary. Check it against the official text before you act on it.

Read the official bill on Congress.gov

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Where does it stand?

  1. IntroducedJun 18, 2026
  2. House committeeYou are here · Jun 24, 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: — Ordered to be Reported (Amended) by the Yeas and Nays: 5 - 4.

Data as of October 9, 2026
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