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H.Res.1248

Amending the Rules of the House of Representatives to prohibit Members, officers, and employees of the House of Representatives from participating in prediction markets in certain cases, and for other purposes.

Introduced·4/30/26

Amends House rules to prohibit Members, officers, and employees from participating in prediction markets.

The bill amends the Rules of the House of Representatives to prohibit Members, officers, and employees from participating in prediction markets. This means they cannot engage in activities where the outcome depends on a specific event or contingency. The bill also expresses the sense of the House that the executive and judicial branches should establish similar restrictions. Exceptions are made for lawful insurance and sports wagers.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Ethics Committee
Next
Committee decision

Sponsors

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28
0
Democratic CaucusRepublican Caucus

History

Apr 30

House

Submitted in House

Apr 30

House

Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.