Bans politicians from using campaign money for speculative prediction market transactions.
This bill would stop political candidates and committees from using campaign money for speculative prediction market transactions, which are financial agreements based on future events like elections. It aims to ensure campaign funds are not used for such speculation. Violators could face fines or even jail time, and the new rules would take effect 120 days after becoming law.
Today, current law does not explicitly stop political campaigns from using funds for prediction market or event contract transactions. After this bill, candidates and political committees would be specifically banned from using campaign funds for these speculative transactions. Violators could face civil fines or, for intentional acts, criminal penalties including up to 5 years in prison. The new rules would start 120 days after the bill is signed into law.
HR 8912 · 119th Congress · May 19, 2026 · AI Summary by gemini-2.5-flash · 9/10
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