Campaign Funds Integrity Act of 2026
Sponsored By: Representative Torres, Ritchie [D-NY-15]
Introduced
Summary
Ban on using campaign funds for prediction markets and event contracts. The bill would make it illegal for candidates, authorized committees, and other political committees covered by the Federal Election Campaign Act to use campaign contributions in any prediction market or event contract that pays based on election, legislative, regulatory, or other political or economic outcomes.
Show full summary
- Candidates and authorized committees would be barred from spending campaign funds on prediction markets or any agreement whose value is tied to future political or economic events. The law defines "campaign funds" as contributions or donations to those committees.
- Committees that violate the rule would face FECA enforcement procedures and civil penalties, and knowing and willful violations could carry criminal penalties including fines under Title 18 and up to 5 years in prison. The Federal Election Commission may refer such cases to the Department of Justice.
- The Federal Election Commission would have to write regulations and guidance on permissible instruments and compliance. The bill also says insured bank deposits and investments in diversified mutual funds or exchange-traded funds would remain allowed.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Ban on campaign funds for prediction markets
If enacted, the bill would ban candidates, authorized committees, and other political committees from using campaign funds to take part in prediction markets or event contracts. Those contracts are any agreements that pay based on the outcome of future political, economic, or regulatory events. The bill would still allow deposits in insured banks, investments in diversified mutual funds and ETFs, and other low-risk instruments the Federal Election Commission permits. Violations would be handled under FECA Section 309 with civil penalties. Knowing and willful violations would carry criminal penalties under FECA Section 309(d), including fines under Title 18 and up to five years in prison. The FEC could refer apparent knowing and willful violations to the Department of Justice and must issue regulations and guidance. The ban would take effect 120 days after enactment.
Sponsors & CoSponsors
Sponsor
Torres, Ritchie [D-NY-15]
NY • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov