Bans Members of Congress and their families from profiting from prediction markets.
This bill would stop Members of Congress and people in their households from making money on "prediction markets," which are like betting on future events. It would require them to report each year that they followed the rules and would fine them if they break them.
After this bill becomes law, Members of Congress and their household members would be prohibited from engaging in prediction markets. Members would also be required to certify their compliance each year, and face fines of at least $10,000 or triple their profits if they violate the ban.
HR 8838 · 119th Congress · May 14, 2026 · AI Summary by gemini-2.5-flash · 10/10
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