H. Res. 1248 (119th)Congressional Activities

Ban House Members From Prediction Market Trading

domestic policy
Cosponsors
Support
Democratic
Introduced
Apr 30, 2026
Discussions
Current stageCommittee

Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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.

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Bill detailsDiscussionCongressional Activities
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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, ownership, or holding of certain financial instruments by Members of Congress and other specified congressional officers and employees. In the 119th Congress (2025-2026), the Senate agreed to a resolution to prohibi…

AuthorsJacob R. Straus
Congressional Ethics & Lobbying
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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…

AuthorsJacob R. Straus, Jason O. Heflin
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