Bans federal officials from betting on government actions using insider knowledge.
This bill would stop federal elected officials, staff, and appointees from using private government information to make money in prediction markets. It aims to prevent them from trading on future government policies or political outcomes if they have or could get secret information from their jobs.
Today, federal elected officials, staff, and appointees are not explicitly prohibited from trading in prediction market contracts, even if they have or could get secret government information. This bill would make it unlawful for these individuals to knowingly buy or sell prediction market contracts related to government policy or political outcomes. This applies if they possess or could reasonably obtain such insider information from their jobs.
HR 7004 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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13 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.