Amending the Rules of the House of Representatives to prohibit Members, officers, and employees of the House of Representatives from participating in prediction markets in certain cases, and for other purposes.
Ethics Committee, Judiciary Committee, Oversight and Government Reform Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This resolution proposes to amend the Rules of the House of Representatives to prohibit Members, Delegates, Resident Commissioners, officers, and employees from participating in prediction markets. The new rule, added as clause 22 to Rule XXIII, specifically bans entering into agreements or transactions involving "excluded commodities" where the outcome is dependent on the occurrence or non-occurrence of a specific event or contingency. This measure aims to prevent potential conflicts of interest or the appearance of impropriety related to insider information. However, the prohibition explicitly excludes lawful insurance where an insurable interest exists, and legitimate sports wagers, which are also defined within the resolution. Additionally, the resolution includes a "Sense of the House" statement, urging the executive and judicial branches to implement similar restrictions on their personnel.
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Timeline
Submitted in House
Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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.
Submitted in House
Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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.
Congress
Amending the Rules of the House of Representatives to prohibit Members, officers, and employees of the House of Representatives from participating in prediction markets in certain cases, and for other purposes.
USA119th CongressHRES-1248| House
| Updated: 4/30/2026
This resolution proposes to amend the Rules of the House of Representatives to prohibit Members, Delegates, Resident Commissioners, officers, and employees from participating in prediction markets. The new rule, added as clause 22 to Rule XXIII, specifically bans entering into agreements or transactions involving "excluded commodities" where the outcome is dependent on the occurrence or non-occurrence of a specific event or contingency. This measure aims to prevent potential conflicts of interest or the appearance of impropriety related to insider information. However, the prohibition explicitly excludes lawful insurance where an insurable interest exists, and legitimate sports wagers, which are also defined within the resolution. Additionally, the resolution includes a "Sense of the House" statement, urging the executive and judicial branches to implement similar restrictions on their personnel.
Get AI-generated questions to help you understand this bill better
Timeline
Submitted in House
Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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.
Submitted in House
Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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.