In April 2026, the Senate agreed to S.Res. 708, as amended, to amend Senate rules to prohibit Senators, Senate officers, and Senate employees from participating in prediction markets—exchange platforms that specialize in offering event contracts with a binary payoff structure tied to the occurrence or nonoccurrence of…
Read the report ↗H.R. 7004 (119th)Congressional Activities
To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes.
Government Operations and Politics|Government Operations and Politics
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Democratic
Introduced
Jan 9, 2026
Discussions
Current stageCommittee
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.
Introduced
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Law
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Congressional Activities
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CRS reports5
CRS Reports
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Congressional Research Service
CRS analysis
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In recent years, some Members of Congress have proposed reforms that would prohibit the purchase, sale, or ownership of certain financial instruments by Members of Congress and other specified congressional officers and employees. Additionally, in both the 117th Congress (2021-2022) and the 119th Congress (2025-2026),…
Congressional Ethics & Lobbying
Read the report ↗Prediction markets are exchange platforms that specialize in offering event contracts (i.e., contracts that allow parties to trade on the occurrence or nonoccurrence of specific events). Prediction markets have rapidly expanded in recent years, facilitated by judicial decisions and changes in regulatory posture, with…
Read the report ↗The past two years have witnessed the dramatic growth of prediction markets—i.e., online platforms that allow users to buy or sell contracts with payoffs tied to the occurrence or nonoccurrence of specific events, such as sporting event outcomes, political election results, and macroeconomic or geopolitical developmen…
SecuritiesSecurities & Exchange Commission (SEC)Commodity Futures Trading Commission (CFTC)
Read the report ↗Prediction markets are exchange platforms that specialize in offering event contracts. Event contracts refer to contracts with a binary payoff structure tied to the occurrence or non-occurrence of a specific event. Users purchase and sell these event contracts, continuously establishing prices. The price of event cont…
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