Campaign Event Contract Integrity Act

Key Points

• This bill stops people working for political campaigns from using private information to bet on election results. It targets staffers, consultants, and their family members who have access to internal data like secret polls or strategy plans.
• The goal is to prevent insider trading in political betting markets. Currently, someone with access to a candidate's private internal polling could use that knowledge to make money on websites that allow people to bet on who will win an election.
• Betting platforms would be required to set up systems to catch and stop this kind of activity. People who trade large amounts of money would have to tell the platform if they work for a campaign or have access to secret campaign data.
• The Commodity Futures Trading Commission would oversee these rules. If someone is caught breaking the law, they could face fines up to $250,000 or three times the money they made from the trade. They could also be banned from these betting sites forever.

Impact Analysis

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