Congress·In Committee·H.Res. 1248

Amending the Rules of the House of Representatives to prohibit Members, officers, and employees of the House of Representatives from participating in prediction markets in certain cases, and for other purposes.

Prediction Markets: Ban on House Member Participation

Apr 30·View on Congress.gov·Read full text

Next up: A house committee

This bill is in the early stages of the legislative process and was sent to three different House committees on April 29, 2026. These committees must review the proposal before it can move forward, but no further action has occurred since that date. Most bills do not receive a committee vote, so this proposal is currently stalled.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

Most resolutions that change internal House rules require strong support from party leaders to move forward, and this bill currently lacks broad cosponsorship.

Key Points

This proposal would stop members of Congress and their employees from betting on the outcome of future events through prediction markets. These markets allow people to trade on things like election results or whether a law will pass.
The goal is to prevent people in government from using their inside knowledge to make money. By banning these trades, the rule aims to make sure officials are focused on their jobs rather than their personal profits.
The ban does not include regular insurance policies or legal sports betting. Members of the House would still be allowed to gamble on sports where it is already legal.
The resolution also asks the executive branch and the courts to set up similar rules. This would ensure that people working for the administration or federal judges are held to the same standards.

Impact Analysis

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

Milestones

1 milestone2 actions

Apr 30, 2026House

Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Apr 30, 2026

Submitted in House

News

PBS.orgunknown

Senate bans members and staff from betting in prediction markets

Washington Examinerunknown

Senators ban themselves from gambling on prediction markets

Reutersunknown

US Senate bans its members, staff from betting in prediction markets

Bloomberg Businessunknown

US Senate Bans Members, Staff From Trading on Prediction Markets

NBC Newsunknown

Senate bans members and staff from trading on prediction markets

No votes or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Amending the Rules of the House of Representatives to prohibit Members, officers, and employees of the House of Representatives from participating in prediction markets in certain cases, and for other purposes.

Bill NumberHRES 1248

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(20)

D: 20

Analysis generated by AI. Always verify with official sources.