Sponsors (9)
The bill trades broader ethical and national-security safeguards and clearer government enforcement around prediction-market trading by federal employees for limits on employees' investment options and added compliance costs for agencies and potential business impacts for prediction-market platforms.
Federal employees: the bill creates clear statutory rules limiting or prohibiting participation in prediction markets, reducing conflicts of interest and clarifying permissible outside financial activity.
Federal agencies and managers: the bill adds statutory authority to standardize enforcement and compliance expectations across agencies within 180 days, improving consistency and predictability in oversight.
National-security stakeholders and the public: codifying restrictions on employee trading in prediction markets can reduce reputational and national-security risks tied to trading on government actions or sensitive information.
Federal employees: new limits may restrict personal financial activity, forcing divestment or reducing investment options and potentially impacting household finances.
Agencies and contractors: implementing the statutory regime within 180 days will create compliance, training, monitoring, and enforcement costs for agencies and their contractors.
Prediction-market firms and financial platforms: bans or restrictions on federal-employee participation could reduce customers or create regulatory uncertainty for businesses operating these markets.
Based on analysis of 2 sections of legislative text.
Adds a new Title 5 U.S.C. subchapter titled 'Restrictions on trading on prediction markets' and updates the table of contents, creating statutory authority to restrict such trading.
Creates a new statutory entry in title 5, United States Code, establishing authority called “Restrictions on trading on prediction markets.” The bill adds a new subchapter to Title 5 and updates the table of contents; the substantive text of the restriction is not included in the provided summary. The new provisions take effect 180 days after enactment.
Official title: To amend chapter 131 of title 5, United States Code, to restrict Members of Congress and their spouses and dependents from profiting off prediction markets, and for other purposes.
Introduced June 18, 2026 by Bryan Steil · Last progress June 18, 2026