119th Congress (2025-2026)

HR 7004

Public Integrity in Financial Prediction Markets Act of 2026

Introduced

Jurisdiction

US Congress

Session

119th Congress (2025-2026)

Official source

Chamber

House

Session

119th Congress (2025-2026)

Jurisdiction

US Congress

Bill overview

This bill aims to prevent government officials and their staff from using inside information to profit from financial prediction markets. It specifically prohibits covered individuals – including elected officials, congressional staff, political appointees, and executive agency employees – from engaging in transactions involving prediction market contracts related to government policies, actions, or political outcomes. The bill defines key terms like ‘material nonpublic information’ and ‘prediction market contract’ to ensure clarity and enforceability. Ultimately, the goal is to protect the integrity of these markets and prevent potential conflicts of interest.

Key provisions

Prohibits covered individuals from using material nonpublic information in prediction market transactions.
Defines ‘covered individual’ to include elected officials, congressional staff, political appointees, and executive agency employees.
Defines ‘material nonpublic information’ as information important to investors and not publicly available.
Defines ‘prediction market contract’ as financial instruments tied to future events, particularly those related to government matters.
Specifically targets transactions related to government policy, action, and political outcomes.
Applies to prediction market contracts listed on or offered by platforms engaged in interstate commerce.
Covers purchase, sale, and exchange of prediction market contracts.
Establishes a clear legal framework for regulating prediction markets to prevent insider trading.

Who is affected

Positions across the country

No public positions recorded for this legislation.

Arguments in favor

Reasons to support this legislation.

No arguments in favor have been submitted.

Submit yours

Arguments opposed

Reasons to oppose this legislation.

No arguments opposed have been submitted.

Submit yours

Legislative history

2026-01-09House

Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2026-01-09House

2026-01-09

Introduced in House

2026-01-09

Introduced in House

Read the latest version inline or switch to a previous version.

Jan 9, 2026XMLView source

119th CONGRESS — 2d Session

H. R. 7004

IN THE HOUSE OF REPRESENTATIVES

A BILL

To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes.

1.Short title

This Act may be cited as the

Public Integrity in Financial Prediction Markets Act of 2026

2.Prohibition on covered transactions involving prediction market contracts

(a)In generalIt shall be unlawful for a covered individual to knowingly engage in a covered transaction if the covered individual—

(1)at the time of the covered transaction, possesses material nonpublic information relevant to such covered transaction; or

(2)may reasonably obtain such material nonpublic information in the course of performing official duties, including when such information would not otherwise be available to a member of the public exercising reasonable diligence.

(b)Definitions

In this section:

(1)Covered individualThe term covered individual means—

(A)

an elected official of the Federal Government;

(B)an employee of the House of Representatives or the Senate;

(C)

a political appointee; or

(D)

an employee of an Executive agency, as defined in section 105 of title 5, United States Code.

(2)Material nonpublic informationThe term material nonpublic information means information—

(A)

that a reasonable investor would consider important in making an investment decision; and

(B)

that is not publicly available.

(3)Prediction market contractThe term prediction market contract means any financial instrument, contract, or derivative—

(A)listed on or offered by a platform engaged in interstate commerce; and

(B)tied to the occurrence or non-occurrence of a future event, including market-based event contracts.

(4)Covered transactionThe term covered transaction means the purchase, sale, or exchange of any prediction market contract related to a—

(A)

government policy;

(B)

government action; or

(C)

political outcome.

HR 7004

Bill overview

Key provisions

Who is affected

Sponsors

Primary sponsor

Cosponsors

Positions across the country

Arguments in favor

Arguments opposed

Bill text

Notable changes

Positions across the country