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Ban on Event Contract Trading for High-Ranking Government Officials

This bill prohibits top government officials from betting on event outcomes in prediction markets to prevent corruption. It aims to protect the integrity of democratic processes and stop officials from profiting from nonpublic information.
Key points
The President, Vice President, and Members of Congress are completely banned from trading event contracts.
Senior executive officials cannot trade contracts related to matters they handle in their official capacity.
Violators face civil penalties of up to $10,000 or the total profit made from the illegal trade.
Officials must disclose trades made by themselves, their spouses, or dependent children within 45 days.
Foreign trading boards must report violations or risk losing their registration to operate.
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Status:
Introduced
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Additional Information
Print number: 119_S_4017
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2026-03-05
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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OFFICIAL LEGAL TITLE

End Prediction Market Corruption Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_4017.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-05.

What are the main provisions?

Key points include:

  • The President, Vice President, and Members of Congress are completely banned from trading event contracts.
  • Senior executive officials cannot trade contracts related to matters they handle in their official capacity.
  • Violators face civil penalties of up to $10,000 or the total profit made from the illegal trade.
  • Officials must disclose trades made by themselves, their spouses, or dependent children within 45 days.
  • Foreign trading boards must report violations or risk losing their registration to operate.
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 Sen. Merkley, Jeff [D-OR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-20.

What is the impact of this bill?

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.

CATEGORIES

Courts and Law Economy