H.R.8838

Bans Members of Congress from participating in prediction markets and outlines penalties and duties for ethics committees.

The Congressional Prediction Market Ban Act of 2026 prohibits Members of Congress from participating in prediction markets, including purchases, sales, or exchanges of prediction market contracts. The bill defines a prediction market contract as an agreement dependent on a specific event or contingency, excluding lawful insurance. Members must certify compliance annually, and ethics committees must investigate noncompliance and issue guidance. Penalties include fines of at least $10,000 or triple the profit from the violation.