In recent years, some Members of Congress have proposed reforms that would prohibit the purchase, sale, or ownership of certain financial instruments by Members of Congress and other specified congressional officers and employees. Additionally, in both the 117th Congress (2021-2022) and the 119th Congress (2025-2026),…
PREDICT Act
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary, 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.
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Prediction markets are exchange platforms that specialize in offering event contracts (i.e., contracts that allow parties to trade on the occurrence or nonoccurrence of specific events). Prediction markets have rapidly expanded in recent years, facilitated by judicial decisions and changes in regulatory posture, with…
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