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Ban on Government Officials Using Insider Info for Prediction Markets

This bill prevents high-ranking officials, including the President and Congress, from profiting on prediction markets using nonpublic information. It aims to ensure public integrity by stopping officials from using their positions for personal financial gain in event-based betting.
Key points
Prohibits using nonpublic government info to profit from event-based contracts.
Fines can reach double the profit made from illegal trades or 500 dollars.
Mandatory reporting of all transactions exceeding 250 dollars within 30 days.
Applies to the President, VP, Congress, and federal agency employees.
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Status:
Introduced
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Additional Information
Public Integrity in Financial Prediction Markets Act of 2026
Print number: S 4188
Sponsor: Sen. Slotkin, Elissa [D-MI]
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
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Summary & Status

Key Questions about Ban on Government Officials Using Insider Info 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 S 4188.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-25.

What are the main provisions?

Key points include:

  • Prohibits using nonpublic government info to profit from event-based contracts.
  • Fines can reach double the profit made from illegal trades or 500 dollars.
  • Mandatory reporting of all transactions exceeding 250 dollars within 30 days.
  • Applies to the President, VP, Congress, and federal agency employees.

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. Slotkin, Elissa [D-MI].

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 2026-04-03.

Analysis and Potential Impact of S 4188

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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