WASHINGTON — Senators Kirsten Gillibrand and Dave McCormick have introduced a bipartisan bill to ban elected officials from trading on prediction markets and protect consumers.
The Prediction Market Act of 2026 would prohibit members of Congress, the president, the vice president and senior executive branch officials from trading on outcomes of real-world events like elections and economic data. The bill also establishes regulatory standards and requires strict safeguards for retail investors.
It creates new consumer protection offices within the Commodity Futures Trading Commission.
Lawmakers introduce a bill to ban elected officials from trading on prediction markets WHEC.com.
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