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Ban on Betting on Elections and Government Actions

This bill prohibits trading contracts based on the outcomes of political elections, government decisions, sporting events, and military actions. It aims to prevent prediction markets from being used as a form of gambling on public events.
Key points
Bans betting on political elections and contests.
Prohibits contracts based on government, legislative, or judicial actions.
Bans trading related to sporting events and military operations.
Allows exceptions for businesses to manage legitimate commercial risks.
Orders a study on the impact of these markets on young adults aged 18 to 20.
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Status:
Introduced
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Additional Information
STOP Corrupt Bets Act of 2026
Print number: S 4226
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2026-03-26