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Prediction Market RISK Act: Strengthening oversight against fraud and insider trading

This bill clarifies that federal regulators have the power to stop illegal trading and manipulation in markets where people bet on future events. It aims to protect participants from unfair practices like insider trading on these platforms.
Key points
Grants regulators clear authority to punish fraud in prediction markets.
Protects users from market manipulation and insider speculation.
Defines prediction market contracts as regulated financial instruments to ensure fair play.
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Status:
Introduced
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Additional Information
Prediction Market RISK Act
Print number: HR 8148
Sponsor: Rep. Moulton, Seth [D-MA-6]
Process start date: 2026-03-27