Sponsors (16)
The bill improves legal clarity by adding a designated place in Title 5 for future limits on federal employees' participation in prediction markets, at the trade-off of signaling potential restrictions on personal investing and creating possible compliance costs for agencies and employees.
Federal employees and legal researchers will have a clear, citable statutory location (a new chapter added to the Title 5 table of contents) for any future rules limiting participation in prediction markets, improving legal clarity and ease of reference.
Federal employees may face new limits on personal investing in prediction markets because placing restrictions in Title 5 signals forthcoming rules that could constrain their participation.
Federal agencies and employees could incur compliance and enforcement costs (training, monitoring, legal review) if Congress or agencies enact restrictive rules based on the new Title 5 chapter.
Based on analysis of 2 sections of legislative text.
Reserves a new chapter in Title 5 of the U.S. Code for restrictions on prediction-market trading by covered personnel but does not itself impose or define those restrictions.
Introduced March 25, 2026 by Nikki Budzinski · Last progress March 25, 2026
Creates a short title and adds a new, empty chapter to Title 5 of the U.S. Code to reserve a statutory place for restrictions on trading in prediction markets by federal personnel. The bill does not itself define or impose specific trading restrictions, provide enforcement mechanisms, or allocate funding — it only establishes where such rules would be codified in federal law.