H.R. 7004

119 HR 7004 IH: Public Integrity in Financial Prediction Markets Act of 2026
 U.S. House of Representatives
 2026-01-09
 text/xml
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 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7004  IN THE HOUSE OF REPRESENTATIVES   January 9, 2026   Mr. Torres of New York  (for himself,  Ms. Titus ,  Mr. Latimer ,  Ms. Norton ,  Mr. Sherman ,  Mr. Thanedar ,  Mr. Moulton ,  Ms. McBride ,  Ms. Adams ,  Ms. Bynum ,  Mr. Stanton ,  Ms. Pettersen ,  Ms. Sewell ,  Mr. Foster ,  Mr. Subramanyam ,  Ms. Pelosi ,  Mr. Casten ,  Mr. Goldman of New York ,  Mr. Bell ,  Mr. Carson ,  Mr. Horsford ,  Mr. Levin ,  Mr. McGarvey ,  Mr. Deluzio ,  Ms. McDonald Rivet ,  Mr. Vargas ,  Mr. Soto ,  Mr. Hernández ,  Ms. Tlaib ,  Mr. Riley of New York ,  Mr. Vindman ,  Ms. Meng , and  Ms. McCollum ) introduced the following bill; which was referred to the  Committee on Oversight and Government Reform , and in addition to the Committee on  House Administration , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned   A BILL
To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes.
1.
Short title
This Act may be cited as the   Public Integrity in Financial Prediction Markets Act of 2026  .
2.
Prohibition on covered transactions involving prediction market contracts
(a)
In general
It shall be unlawful for a covered individual to knowingly engage in a covered transaction if the covered individual—
(1)
at the time of the covered transaction, possesses material nonpublic information relevant to such covered transaction; or
(2)
may reasonably obtain such material nonpublic information in the course of performing official duties, including when such information would not otherwise be available to a member of the public exercising reasonable diligence.
(b)
Definitions
In this section:
(1)
Covered individual
The term  covered individual  means—
(A)
an elected official of the Federal Government;
(B)
an employee of the House of Representatives or the Senate;
(C)
a political appointee; or
(D)
an employee of an Executive agency, as defined in section 105 of title 5, United States Code.
(2)
Material nonpublic information
The term  material nonpublic information  means information—
(A)
that a reasonable investor would consider important in making an investment decision; and
(B)
that is not publicly available.
(3)
Prediction market contract
The term  prediction market contract  means any financial instrument, contract, or derivative—
(A)
listed on or offered by a platform engaged in interstate commerce; and
(B)
tied to the occurrence or non-occurrence of a future event, including market-based event contracts.
(4)
Covered transaction
The term  covered transaction  means the purchase, sale, or exchange of any prediction market contract related to a—
(A)
government policy;
(B)
government action; or
(C)
political outcome.