Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.

Ban on prediction trades for House

If adopted, this resolution would prohibit any Member, Delegate, Resident Commissioner, officer, or employee of the House from entering into or offering to enter into agreements, contracts, swaps, or transactions that provide for purchase, sale, payment, or delivery of an "excluded commodity" when the deal depends on the occurrence, nonoccurrence, or extent of a specific event. It would cover event‑linked prediction‑market style trades and offers tied to specific contingencies. The prohibition would not apply to insurance for which the insured has a lawful insurable interest. The resolution would also express the sense of the House that the executive and judicial branches should adopt similar restrictions.