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Linked legislation: H.R. 8838
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Based on official legislative actions published by Congress.
Referred to the House Committee on House Administration.
This timeline shows the bill's position in the federal legislative process based on official congressional actions.
Referred to the House Committee on House Administration.
Praveta uses official congressional material as its source of truth. You can review the underlying record directly.
It would ban Members from buying, selling, or otherwise benefiting from prediction-market contracts.
Introduced May 14, 2026, and referred to the House Administration Committee
Would ban Members from engaging in covered prediction market transactions
Requires Members to certify compliance annually within 15 days of year start
Violations subject to fines: at least $10,000 or triple the profit made
The proposal would restrict elected officials’ participation in certain event-based markets, add annual public certification requirements, and create specified penalties and ethics oversight for violations.
Members of Congress and certain household members would be affected.
Introduced in the House on May 14, 2026, and referred to the Committee on House Administration; no further action shown in the provided source.
Praveta summarizes official congressional material and keeps the underlying source available for review.