S.4188

Prohibits certain government officials from using nonpublic information for profit in prediction market contracts.

The Public Integrity in Financial Prediction Markets Act of 2026 prohibits specific government officials, including the President, Vice President, Members of Congress, and political appointees, from using material nonpublic information for profit in prediction market contracts. These officials must report any covered transactions over $250 to their supervising ethics office within 30 days. The supervising ethics offices must establish procedures, collect penalties, and publish rules and guidelines. Penalties for violations include a fine of up to $500 or double the profit from the transaction.