The End Prediction Market Corruption Act bans certain government officials from trading event contracts and mandates reporting and enforcement.
The End Prediction Market Corruption Act amends the Commodity Exchange Act to prohibit Presidents, Vice Presidents, Members of Congress, and senior executive branch officials from trading event contracts. It requires these officials to report any such transactions in their financial disclosure reports. Foreign boards of trade must also report transactions in violation of the ban. Failure to comply can result in the revocation of the board's registration. The Act allows for civil actions against violators, with penalties up to $10,000 per violation.
The filed bill text is too short for analysis.