# 119-hr-8838: Congressional Prediction Market Ban Act of 2026

119-hr-8838, Congressional Prediction Market Ban Act of 2026, is a 119th Congress bill sponsored by Rep. Vindman, Eugene Simon [D-VA-7] (D-VA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8838
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8838
- Congress: 119
- Title: Congressional Prediction Market Ban Act of 2026
- Status: introduced
- Introduced: 2026-05-14
- Sponsor: Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
- Cosponsors: 0
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Bans Members of Congress and their households from participating in prediction markets.** It would also require public annual compliance certifications and set civil penalties for violations to deter trading tied to event outcomes. - Members and household members would be barred from engaging in, being a party to, or benefiting from a "covered transaction". A covered transaction is a prediction market trade whose payout depends on whether a specific event happens. - Each Member would have to certify compliance to the Clerk of the House or the Secretary of the Senate within 15 days after the start of each year, and those certifications would be posted on public websites. - Congressional ethics committees would be required to investigate credible violations, set procedures and guidance, and could impose penalties. Fines would be the greater of $10,000 or triple the profit from the violation and would be deposited into the Treasury.

## Provisions PRIA read

- Ban on Congressional Prediction Trading: cost, low. If enacted, Members of Congress would be banned from buying, selling, or benefiting from prediction-market contracts. A prediction-market contract would mean a trade tied to a specific event that involves an excluded commodity; it would not include ordinary insurance. A Member would also be treated…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-8838 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8838)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8838 (as of 2026-09-21).