{"id":2583741,"date":"2026-03-25T15:30:01","date_gmt":"2026-03-25T19:30:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-bill-bans-congress-from-trading-on-prediction-markets\/"},"modified":"2026-03-25T15:32:46","modified_gmt":"2026-03-25T19:32:46","slug":"bipartisan-bill-bans-congress-from-trading-on-prediction-markets","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-bill-bans-congress-from-trading-on-prediction-markets\/","title":{"rendered":"Bipartisan bill bans Congress from trading on prediction markets"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbipartisan-bill-bans-congress-from-trading-on-prediction-markets%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2583741&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A bipartisan bill would ban members of Congress from trading on political prediction markets and impose penalties for violations. Reps. Adrian Smith (R-NE) and Nikki Budzinski (D-IL) introduced the Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act (PREDICT Act), which would cover all members of Congress, their spouses and dependent children, and also the president, vice president, and political appointees. The proposal calls for penalties including a fine equal to 10% of the transaction\u2019s value and the forfeiture of any profits,with penalties paid to the U.S. Treasury; lawmakers would be prohibited from using campaign contributions or congressional funds to cover them. The bill comes <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biggest-fear-among-us-business-leaders-is-catastrophic-debt-default-white-house-economic-adviser\/\" title=\"US business leaders&#039; biggest fear is a catastrophic debt default, according to a White House economic adviser.\">amid ongoing concern<\/a> about insider details and follows a long-standing and unresolved push to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/another-republican-joins-efforts-to-ban-insider-trading-introduces-legislation-in-the-house\/\" title=\"Another Republican Joins Efforts To ... Insider ..., Introduces ... In The House\">ban insider trading<\/a>, the last such law having been enacted in 2012. It notes the rising popularity of prediction markets and mentions market operators like Polymarket and Kalshi implementing guardrails to curb misuse, while also noting related bipartisan efforts to restrict sports betting within prediction markets.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">New bipartisan bill targets congressional trading on political prediction markets<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2542282\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Reps. Adrian Smith (R-NE) and Nikki Budzinski (D-IL) unveiled <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/bipartisanship\/\" type=\"post_tag\" id=\"1709\">bipartisan<\/a> legislation Wednesday aiming to ban members of <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/congress\/\" type=\"post_tag\" id=\"31\">Congress<\/a> from prediction market trading on political events, policy decisions, and other government action.<\/p>\n<p>The <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/d12t4t5x3vyizu.cloudfront.net\/budzinski.house.gov\/uploads\/2026\/03\/PREDICT-Act-Bill-Text.pdf\">Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act<\/a> applies to all members of Congress, their spouses, and dependent children. It also includes the president, the vice president, and all political appointees.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/4502969\/house-extends-ban-democrats-forcing-oversight-votes-trump-administration\/\">House extends ban on Democrats forcing oversight votes on Trump administration<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/4502970\/doj-inquiry-former-cia-director-john-brennan-classified-transcripts\/\">DOJ inquiry into John Brennan intensifies after House sends classified transcripts<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/4502686\/pritzker-tensions-fundraising-congressional-black-caucus\/\">Pritzker tries to smooth over tensions after fundraising battle with Congressional Black Caucus<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;The American people are tired of politicians using their influence for personal gain, and the rise of prediction markets has made those concerns even more relevant,&rdquo; Budzinski said in a press release. &ldquo;In recent months, we&rsquo;ve seen instances of little-known traders making massive profits on events ranging from war with Iran to how long a government shutdown will last, raising necessary questions about the use of inside information.&rdquo;<\/p>\n<p>The bill establishes consequences for lawmakers found to be in violation of the new ban. That includes a fine equal to 10% of the value of the transaction and the full confiscation of any profits. The penalties would be paid into the U.S Treasury. Lawmakers would be prohibited from using campaign contributions or congressional funds to pay the penalties.<\/p>\n<p>The bill comes as <a href=\"https:\/\/amzn.to\/3YuVZYV\" >banning insider stock trading remains<\/a> at a standstill, despite multiple bipartisan pushes. The last legislation on this issue to be signed into law was over a decade ago, in 2012.<\/p>\n<p>Prediction markets have become increasingly popular<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">, as many people have made large sums of money from world events, especially since President&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a>&nbsp;took <\/span>office again.<\/p>\n<p>This week, Polymarket&nbsp;released&nbsp;new &ldquo;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260320997513\/en\/Polymarket-Publishes-Enhanced-Market-Integrity-Rules-Across-Its-DeFi-Platform-and-CFTC-Regulated-U.S.-Exchange\">market integrity rules<\/a>&rdquo; focused on preventing individuals from profiting from stolen confidential information, illegal tips, or outcomes they have influence over. Kalshi, similarly, has&nbsp;added&nbsp;&ldquo;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/news.kalshi.com\/p\/kalshi-new-guardrails-insider-trading-politics-sports\">new guardrails<\/a>&rdquo; to prevent sports participants and political candidates from trading on their own respective leagues and campaigns. &nbsp;<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4501534\/schiff-curtis-team-up-ban-sports-betting-from-prediction-markets\/\"><strong><\/strong><\/a><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/4502081\/four-obstacles-second-reconciliation-bill\/\">FOUR POSSIBLE OBSTACLES TO A SECOND RECONCILIATION BILL<\/a><\/strong><\/strong><\/p>\n<p>The ban on lawmakers using the prediction market is only one of several bills introduced on the topic in recent weeks. <\/p>\n<p>Sens. John Curtis (R-UT) and Adam Schiff (D-CA) <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4501534\/schiff-curtis-team-up-ban-sports-betting-from-prediction-markets\/\">introduced a bill<\/a> on Monday that would ban prediction markets from offering wagers on sports. The bill was introduced on the heels of MLB naming Polymarket as its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musks-x-partners-with-online-betting-market-that-predicted-trumps-2024-victory\/\" title=\"Musk\u2019s X partners with online betting market that predicted Trump\u2019s 2024 victory\">prediction market partner<\/a>.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bipartisan bill bans Congress from prediction markets<\/p>\n","protected":false},"author":3691,"featured_media":2583742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/03\/image-collage-vdeynjerl-1774461070254-e1774461192485.jpg?1774450678&amp;w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[76528,4381,4762,5894,75979],"class_list":["post-2583741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-congressional-trading","tag-ethics","tag-legislation","tag-politics","tag-prediction-markets-2"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/03\/image-collage-vdeynjerl-1774461070254-e1774461192485.jpg?1774450678&amp;w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2583741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3691"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2583741"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2583741\/revisions"}],"predecessor-version":[{"id":2583745,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2583741\/revisions\/2583745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2583742"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2583741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2583741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2583741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}