Public Integrity in Financial Prediction Markets Act of 2026
Sen. Slotkin Introduces Bipartisan Bill to Ban Government Officials From Betting on Prediction Markets
This bill was recently introduced in the Senate and is currently being reviewed by the Committee on Homeland Security and Governmental Affairs. It is in the early stages of the lawmaking process and no further actions are scheduled at this time. The bill is considered active as it waits for the committee to decide on its next steps.
Legislative Progress
This bill has support from both parties and addresses a popular topic, but many bills like this struggle to get a final vote in a busy schedule.
Key Points
Impact Analysis
Personal Impact
Life & Work
All federal employees at executive agencies and independent regulatory agencies would be prohibited from using nonpublic information gained through their jobs to trade on prediction markets. They would also need to report any prediction market trades over $250 within 30 days. While this adds a new compliance burden, it also protects employees from being pressured to share inside information for others' financial gain.
“``(F) an employee of an Executive agency or independent regulatory agency.”
Activities
Milestones
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
5 articlesThe 7 Bills That Lawmakers Have Proposed on Prediction Markets
Senators Todd Young and Elissa Slotkin introduced the Public Integrity in Financial Prediction Markets Act of 2026. The bill aims to ban insider trading by government officials and requires them to report any prediction market trades over $250 within 30 days of the transaction.
Prediction market roundup: Stocks slump amid proposed federal bills
Senators Todd Young and Elissa Slotkin co-authored the Public Integrity in Financial Prediction Markets Act of 2026. The bill prohibits federal employees from using insider information to bet, with fines set at the greater of $500 or double the profit made in the transaction.
US CFTC Targets Insider Trading in Prediction Markets Surge
USA Today reported that the Public Integrity in Financial Prediction Markets Act of 2026 aims to restrict government officials from exploiting non-public data. This follows growing scrutiny over officials potentially trading on confidential intelligence tied to national security events.
Source Information
Document Type
Congressional Bill
Official Title
Public Integrity in Financial Prediction Markets Act of 2026
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.