Congress·In Committee·H.Res. 1263

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.

Banning House Members from Betting on Prediction Markets

May 7·View on Congress.gov·Read full text

Next up: A house committee

This bill is in the early stages and is currently sitting with the House committees for review. Since May 6, 2026, no further action has been taken by these committees. It is common for bills to stall at this stage without receiving a vote.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While there is public support for ethics reform, many bills targeting congressional financial activities struggle to get a full vote in the House.

Key Points

This resolution changes the House of Representatives rules to stop members and their staff from using prediction markets. These are websites where people bet money on the outcome of future events, like who will win an election or if a law will pass.
The ban applies to all House members, delegates, and employees. It prevents them from buying or selling contracts that pay out based on whether a specific event happens or does not happen.
The goal is to prevent conflicts of interest. Since lawmakers often have inside information or the power to influence events, betting on those events could be seen as unfair or corrupt.
The rule does not apply to regular insurance policies. It also includes a statement saying that the executive branch and the court system should create similar rules for their own employees.

Impact Analysis

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Milestones

1 milestone2 actions

May 7, 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.

May 7, 2026

Submitted in House

No votes, news coverage, 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 of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.

Bill NumberHRES 1263

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

(1)

R: 1

Analysis generated by AI. Always verify with official sources.