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Banning Federal Officials from Trading in Prediction Markets Using Insider Knowledge.

This act aims to boost public trust by prohibiting federal officials and employees from trading prediction market contracts if they possess confidential information related to government policy or political outcomes. This prevents public servants from using privileged knowledge gained through their duties to profit from financial instruments tied to future government decisions. For citizens, this means greater transparency and reduced potential for corruption in financial dealings involving public policy.
Key points
Federal elected officials, Congressional staff, and political appointees are banned from buying or selling prediction market contracts.
The prohibition applies specifically when the individual has access to nonpublic information concerning government policy, actions, or political outcomes.
The goal is to stop public servants from using insider knowledge gained during their official duties for personal financial gain.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_7004
Sponsor: Rep. Torres, Ritchie [D-NY-15]
Process start date: 2026-01-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Public Integrity in Financial Prediction Markets Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7004.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-01-09.

What are the main provisions?

Key points include:

  • Federal elected officials, Congressional staff, and political appointees are banned from buying or selling prediction market contracts.
  • The prohibition applies specifically when the individual has access to nonpublic information concerning government policy, actions, or political outcomes.
  • The goal is to stop public servants from using insider knowledge gained during their official duties for personal financial gain.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Torres, Ritchie [D-NY-15].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-24.

CATEGORIES

Courts and Law Economy