# 119-hr-8123: STOP Corrupt Bets Act of 2026

119-hr-8123, STOP Corrupt Bets Act of 2026, is a 119th Congress bill sponsored by Rep. Raskin, Jamie [D-MD-8] (D-MD); status introduced; PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/legislation/119-hr-8123
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8123
- Congress: 119
- Title: STOP Corrupt Bets Act of 2026
- Status: introduced
- Introduced: 2026-03-26
- Sponsor: Rep. Raskin, Jamie [D-MD-8] (D-MD)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-17

## Summary

**Prohibiting trading of prediction-based contracts on registered markets.** This bill would bar registered entities from listing or clearing agreements, contracts, swaps, or transactions tied to political elections, actions by the executive, legislative, or judicial branches, sporting events, or military actions, and it explicitly covers related indexes, measures, values, data, and contingencies. It creates a narrow hedging exception for contracts tied to government actions when the Commodity Futures Trading Commission defines them as hedges to mitigate commercial risk. - Registered entities would not be able to list or clear contracts linked to the specified matters, including indexes or data that measure occurrences or their extent. - The hedging carve-out is limited to government actions and would be defined by the Commodity Futures Trading Commission through rulemaking. - Traders and platforms that operate on registered exchanges or clearinghouses would lose the ability to trade these prediction-style contracts on those venues. - The Government Accountability Office must publicly report within 60 days on prediction markets, including insider trading, impacts on ages 18 to 20, other prediction markets not covered by the bill, and ways to address illegal foreign and domestic markets. - The bill clarifies it does not override or preempt state gambling or gaming laws.

## Cosponsors (5)

- Rep. Ansari, Yassamin [D-AZ-3] (D-AZ), 2026-10-15T00:00:00.000Z
- Rep. Foushee, Valerie P. [D-NC-4] (D-NC), 2026-05-26T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2026-05-26T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2026-08-20T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-09-15T00:00:00.000Z

## Provisions PRIA read

- Ban on event-linked trading contracts: mixed, low. If enacted, this bill would bar registered exchanges and clearinghouses from listing or clearing contracts tied to four types of events. The banned event types are political elections or contests; actions by the U.S. executive, legislative, or judicial branches (with a narrow hedging exception the…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-5862: American Energy Independence and Affordability Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026

## Sources
- [119-hr-8123 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8123)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-5862: American Energy Independence and Affordability Act](https://policyrisk.com/legislation/119-hr-5862)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8123 (as of 2026-10-17).