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Linked legislation: H.R. 8912
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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.
The bill would ban candidates and political committees from using campaign funds for prediction-market or event-contract transactions.
Introduced May 19, 2026, referred to House Administration Committee
Would ban campaign funds for prediction markets and event contracts
Would allow civil penalties and criminal fines or imprisonment up to five years
Would take effect 120 days after the act’s enactment
If enacted, the bill would limit how campaigns can invest or place bets tied to future events and add criminal and civil enforcement mechanisms; specifics on implementation depend on future FEC rules.
Candidates, authorized committees, and other political committees would be affected.
Introduced in the House and referred to the Committee on House Administration; no House vote recorded in the source.
Praveta summarizes official congressional material and keeps the underlying source available for review.