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119-hr-7004119th CongressWALLET

Public Integrity in Financial Prediction Markets Act of 2026

Sponsored By: Representative Torres, Ritchie [D-NY-15]

Introduced

Summary

Bars federal officials and certain staff from using material nonpublic government information to trade or bet in prediction markets tied to government decisions. It forbids covered individuals from knowingly buying, selling, or exchanging prediction market contracts about government policy, government actions, or political outcomes when they possess or could reasonably obtain material nonpublic information through their duties.

Show full summary
  • Elected officials and staff: Elected officials, employees of the House and Senate, political appointees, and executive agency employees are barred from engaging in covered transactions when they have or could obtain material nonpublic information.
  • What transactions are covered: Any purchase, sale, or exchange of a prediction market contract offered in interstate commerce that is linked to the occurrence or non‑occurrence of a government policy, action, or political outcome is covered.
  • Legal scope and gaps: The text makes the specified conduct unlawful and defines key terms such as "material nonpublic information" and "prediction market contract." The provided section does not include enforcement mechanisms, penalties, or exemptions.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

New trading ban for federal officials

If enacted, this bill would ban covered federal officials from trading in prediction markets when they have material nonpublic information. It would also ban trading when they could reasonably obtain such nonpublic information through their job. The bill would define who is covered. It would define prediction market contracts and material nonpublic information. The ban would apply to trades tied to government policy, government action, or political outcomes.

Sponsors & CoSponsors

Sponsor

Torres, Ritchie [D-NY-15]

NY • D

Cosponsors

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 1/9/2026

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 1/9/2026

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 1/9/2026

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 1/9/2026

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 1/9/2026

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 1/9/2026

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 1/9/2026

  • Rep. Adams, Alma S. [D-NC-12]

    NC • D

    Sponsored 1/9/2026

  • Rep. Bynum, Janelle S. [D-OR-5]

    OR • D

    Sponsored 1/9/2026

  • Rep. Stanton, Greg [D-AZ-4]

    AZ • D

    Sponsored 1/9/2026

  • Rep. Pettersen, Brittany [D-CO-7]

    CO • D

    Sponsored 1/9/2026

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 1/9/2026

  • Rep. Foster, Bill [D-IL-11]

    IL • D

    Sponsored 1/9/2026

  • Rep. Subramanyam, Suhas [D-VA-10]

    VA • D

    Sponsored 1/9/2026

  • Rep. Pelosi, Nancy [D-CA-12]

    CA • D

    Sponsored 1/9/2026

  • Rep. Casten, Sean [D-IL-6]

    IL • D

    Sponsored 1/9/2026

  • Rep. Goldman, Daniel S. [D-NY-10]

    NY • D

    Sponsored 1/9/2026

  • Rep. Bell, Wesley [D-MO-1]

    MO • D

    Sponsored 1/9/2026

  • Rep. Carson, André [D-IN-7]

    IN • D

    Sponsored 1/9/2026

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 1/9/2026

  • Rep. Levin, Mike [D-CA-49]

    CA • D

    Sponsored 1/9/2026

  • Rep. McGarvey, Morgan [D-KY-3]

    KY • D

    Sponsored 1/9/2026

  • Rep. Deluzio, Christopher R. [D-PA-17]

    PA • D

    Sponsored 1/9/2026

  • Rep. McDonald Rivet, Kristen [D-MI-8]

    MI • D

    Sponsored 1/9/2026

  • Rep. Vargas, Juan [D-CA-52]

    CA • D

    Sponsored 1/9/2026

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 1/9/2026

  • Rescom. Hernández, Pablo Jose [D-PR-At Large]

    PR • D

    Sponsored 1/9/2026

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 1/9/2026

  • Rep. Riley, Josh [D-NY-19]

    NY • D

    Sponsored 1/9/2026

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 1/9/2026

  • Rep. Meng, Grace [D-NY-6]

    NY • D

    Sponsored 1/9/2026

  • Rep. McCollum, Betty [D-MN-4]

    MN • D

    Sponsored 1/9/2026

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 1/12/2026

  • Rep. Salinas, Andrea [D-OR-6]

    OR • D

    Sponsored 1/12/2026

  • Rep. Liccardo, Sam T. [D-CA-16]

    CA • D

    Sponsored 1/12/2026

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 1/13/2026

  • Rep. DeLauro, Rosa L. [D-CT-3]

    CT • D

    Sponsored 1/13/2026

  • Rep. Veasey, Marc A. [D-TX-33]

    TX • D

    Sponsored 1/14/2026

  • Rep. Magaziner, Seth [D-RI-2]

    RI • D

    Sponsored 1/14/2026

  • Rep. Huffman, Jared [D-CA-2]

    CA • D

    Sponsored 2/2/2026

  • Rep. Tokuda, Jill N. [D-HI-2]

    HI • D

    Sponsored 2/4/2026

  • Rep. Vasquez, Gabe [D-NM-2]

    NM • D

    Sponsored 3/16/2026

  • Rep. Pingree, Chellie [D-ME-1]

    ME • D

    Sponsored 4/13/2026

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 4/27/2026

  • Rep. Krishnamoorthi, Raja [D-IL-8]

    IL • D

    Sponsored 4/28/2026

Roll Call Votes

No roll call votes available for this bill.

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