Public Integrity in Financial Prediction Markets Act of 2026
Sponsored By: Senator Elissa Slotkin
Introduced
Summary
Ban on insider trading in prediction markets. This bill would bar senior officials and many federal employees from using material nonpublic information to trade in prediction market contracts tied to event outcomes.
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 0 benefits, 2 costs, 2 mixed.
Large fines for illegal prediction trades
If enacted, this bill would allow a fine against any covered individual who violates the trading ban. The fine would equal the larger of $500 or twice the profit realized from the covered prediction market transaction. Money collected from fines would be deposited into the Treasury's miscellaneous receipts.
New trading ban for officials
If you are a covered individual, this bill would bar you from using material nonpublic information from your job to trade in prediction market contracts. You would have to report any covered trade worth more than $250 within 30 days after you get notice of the trade. The report would need the contract value and purchase price, number of contracts, date and time, contract name and position, trading platform, and the profit or loss after the contract closes. If the contract was still open at the initial report, you would file another report within 30 days after it closes or you exit the position.
Ethics offices must implement rules
This bill would require each supervising ethics office to finish four tasks within 180 days after enactment. They would impose and collect the fines, create procedures and standard forms, issue rules and guidelines in consultation with the Commodity Futures Trading Commission, and post all procedures, forms, rules, and guidelines on a website.
Which officials and contracts are covered
This bill would define who is a "covered individual" and what counts as a covered prediction market contract. Covered individuals would include the President, Vice President, Members of Congress, certain House and Senate staff, political appointees, and federal agency employees. "Material nonpublic information" would be defined by a reasonable-investor test. Prediction market contracts would include event-based contracts and would cover contracts listed or offered on platforms even if the platform is not based in the United States.
Sponsors & CoSponsors
Sponsor
Elissa Slotkin
MI • D
Cosponsors
Todd Young
IN • R
Sponsored 3/25/2026
Adam Schiff
CA • D
Sponsored 3/25/2026
John Curtis
UT • R
Sponsored 3/25/2026
Roll Call Votes
No roll call votes available for this bill.
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