Congress·In Committee·H.R. 8148

Prediction Market RISK Act

Prediction Markets: New Rules Against Insider Trading

3 months ago·View on Congress.gov·Read full text

Next up: A house committee

This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Agriculture. It is considered active, but no further meetings or votes have been scheduled yet. There is no companion bill mentioned for this legislation.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

This bill is in the very early stages and was introduced by a single member of the minority party. Without more support from both parties, it is unlikely to move through the committee process.

Key Points

This bill clarifies that the Commodity Futures Trading Commission has the power to stop illegal activity on prediction markets. These are online platforms where people bet money on the outcome of future events like elections, sports, or economic changes.
The law would target bad behavior like insider trading and market manipulation. This ensures that people with secret information cannot use it to make unfair profits at the expense of regular people using these platforms.
By applying existing financial laws to these new types of markets, the bill aims to make them more honest and transparent. This would treat these event-based bets more like traditional investments in the stock market.
If passed, the government would have a clear legal path to investigate and punish fraud on these platforms. This matters because prediction markets are becoming more popular as a way for the public to guess what will happen in the future.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Mar 27, 2026House

Referred to the House Committee on Agriculture.

Mar 27, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Prediction Market RISK Act

Bill NumberHR 8148

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Agriculture.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.