Bans House members and staff from betting on future events using prediction markets.
This bill would stop members of the House of Representatives, their staff, and other officials from betting on future events using 'prediction markets.' It aims to prevent potential conflicts of interest by changing House rules. However, it would still allow them to buy lawful insurance or make legal sports bets.
Today, the Rules of the House of Representatives do not specifically ban its members, delegates, resident commissioners, officers, or employees from participating in prediction markets. If this bill passes, these individuals would be explicitly prohibited from entering into agreements or transactions that bet on specific future events or outcomes, with exceptions for lawful insurance and sports wagers.
HRES 1248 · 119th Congress · April 30, 2026 · AI Summary by gemini-2.5-flash · 9/10
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