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Election Betting Ban: New Restrictions for Prediction Markets

This bill prohibits the creation and trading of contracts based on election results, government actions, sporting events, and military operations. These changes aim to prevent financial markets from being used as a form of gambling on public matters.
Key points
Complete ban on betting on political election outcomes in futures markets.
Prohibition of bets on decisions by US courts, Congress, and the President (except for business risk hedging).
Block on trading contracts based on sporting event results and military actions.
Mandatory government study on the impact of these markets on young adults (18-20) and insider trading risks.
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Status:
Introduced
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Additional Information
STOP Corrupt Bets Act of 2026
Print number: HR 8123
Sponsor: Rep. Raskin, Jamie [D-MD-8]
Process start date: 2026-03-26
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
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Summary & Status

Key Questions about Election Betting Ban: New Restrictions for Prediction Markets

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 8123.

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 2026-03-26.

What are the main provisions?

Key points include:

  • Complete ban on betting on political election outcomes in futures markets.
  • Prohibition of bets on decisions by US courts, Congress, and the President (except for business risk hedging).
  • Block on trading contracts based on sporting event results and military actions.
  • Mandatory government study on the impact of these markets on young adults (18-20) and insider trading risks.

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. Raskin, Jamie [D-MD-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

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 8123

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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Courts and Law Economy