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Ban on political event betting for government officials and their families

This bill prevents high-ranking government officials, including Congress and the President, from betting on political outcomes. It aims to ensure that those in power cannot profit from insider knowledge about upcoming political events.
Key points
The ban applies to Members of Congress, the President, federal judges, and their immediate families.
It prohibits any financial transactions or contracts that depend on the outcome of specific political events.
Violators must pay a fee equal to 10% of the transaction value and forfeit all profits to the U.S. Treasury.
Fines cannot be paid using taxpayer money, official office allowances, or campaign donations.
Details of all fines and violations will be published on public websites for transparency.
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Status:
Introduced
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Additional Information
PREDICT Act
Print number: HR 8076
Sponsor: Rep. Budzinski, Nikki [D-IL-13]
Process start date: 2026-03-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Ban on political event betting for government officials and their families

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 8076.

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 2026-03-25.

What are the main provisions?

Key points include:

  • The ban applies to Members of Congress, the President, federal judges, and their immediate families.
  • It prohibits any financial transactions or contracts that depend on the outcome of specific political events.
  • Violators must pay a fee equal to 10% of the transaction value and forfeit all profits to the U.S. Treasury.
  • Fines cannot be paid using taxpayer money, official office allowances, or campaign donations.
  • Details of all fines and violations will be published on public websites for transparency.

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. Budzinski, Nikki [D-IL-13].

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 2026-04-13.

Analysis and Potential Impact of HR 8076

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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