Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.
Ethics Committee, Judiciary Committee, Oversight and Government Reform Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This resolution proposes to amend Rule XXIII of the Rules of the House of Representatives by adding a new clause that prohibits Members, Delegates, Resident Commissioners, officers, and employees of the House from participating in prediction markets . Specifically, it bans entering into or offering to enter into any agreement, contract, swap, or transaction involving an "excluded commodity" where the outcome is dependent on a specific event or contingency. The prohibition explicitly excludes lawful insurance for which the insured holds a lawful insurable interest. Furthermore, the resolution includes a Sense of the House , advocating for the executive and judicial branches to establish similar restrictions on their personnel regarding participation in prediction markets.
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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.
Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.
USA119th CongressHRES-1263| House
| Updated: 5/7/2026
This resolution proposes to amend Rule XXIII of the Rules of the House of Representatives by adding a new clause that prohibits Members, Delegates, Resident Commissioners, officers, and employees of the House from participating in prediction markets . Specifically, it bans entering into or offering to enter into any agreement, contract, swap, or transaction involving an "excluded commodity" where the outcome is dependent on a specific event or contingency. The prohibition explicitly excludes lawful insurance for which the insured holds a lawful insurable interest. Furthermore, the resolution includes a Sense of the House , advocating for the executive and judicial branches to establish similar restrictions on their personnel regarding participation in prediction markets.
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.