# 119-s-4469: Prediction Market Act of 2026

119-s-4469, Prediction Market Act of 2026, is a 119th Congress bill sponsored by Sen. McCormick, David [R-PA] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-08-24).

- Canonical: https://policyrisk.com/legislation/119-s-4469
- As of: 2026-08-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4469
- Congress: 119
- Title: Prediction Market Act of 2026
- Status: introduced
- Introduced: 2026-04-30
- Sponsor: Sen. McCormick, David [R-PA] (R-PA)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-24

## Summary

**Would bring event contracts (prediction markets) under a new CFTC regulatory framework that emphasizes consumer protection and market integrity.** The bill would set marketing and disclosure limits, AML/KYC and clearing rules, insider-trading bans for top officials, advisory bodies, and studies to guide future rules. - Retail investors: The bill would create an Office of the Retail Advocate, an Advisory Council with 15 members, and an ombudsman to study consumer protections, push clearer disclosures, limit deceptive marketing, and expand financial-literacy outreach. - Public officials and market integrity: The bill would bar Members of Congress, the President, the Vice President, and certain senior executive officers from trading event contracts and direct the CFTC to block contracts that are contrary to the public interest, including those tied to terrorism, assassination, war, violence, or similar harms. - Market operators and clearinghouses: The bill would require AML/KYC programs, age verification, segregation of member funds and default funds, clearer risk disclosures to customers, and studies of market size and cross-agency issues. It would also create an Innovation Advisory Committee and require joint and CFTC studies on event contracts. *Authorizes $30 million per year for fiscal years 2027–2031 to fund CFTC rulemaking, oversight, studies, the Office of the Retail Advocate, and technology for surveillance and enforcement.*

## Cosponsors (2)

- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-04-30T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2026-08-03T00:00:00.000Z

## Provisions PRIA read

- CFTC funding, studies, and committees: benefit, high. If enacted, the bill would authorize $30 million a year for each fiscal year 2027 through 2031 for the CFTC to implement event-contract rules, do studies, and build surveillance and technology. The CFTC must complete a study on event-contract markets within one year and a joint SEC/CFTC study on ju…
- Retail investor protections and education: benefit, medium. If enacted, the bill would create an Office of the Retail Advocate to represent non-eligible retail participants and require tailored financial-literacy outreach about event contracts. The bill would create a 15-member Advisory Council on Consumer Protection within 90 days to study retail gaps and…
- Clearing and customer fund protections: mixed, medium. If enacted, the bill would require rules to keep a direct clearing member's client funds separate from a derivatives clearing organization's own funds when offering event contracts to non-eligible participants. DCOs would have to treat funds for fully collateralized contracts separately from funds…
- Market integrity, bans, and insider rules: mixed, medium. If enacted, the bill would define which listed contracts count as "event contracts" (those based on occurrences or contingencies, not just price changes). The Commission could bar event contracts that are contrary to the public interest, including those tied to illegal acts, terrorism, assassinatio…

## Related bills

- 119-s-1541: SHIPS for America Act of 2025
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-237: Honoring Our Fallen Heroes Act of 2025
- 119-s-3774: SCAM Act

## Sources
- [119-s-4469 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4469)

## Related
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-237: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-s-237)
- [119-s-3774: SCAM Act](https://policyrisk.com/legislation/119-s-3774)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4469 (as of 2026-08-24).