This bill amends the Commodity Exchange Act to prohibit certain government officials from engaging in event contract trading. Specifically, the President , Vice President , and Members of Congress are banned from purchasing, selling, or exchanging any event contract. Senior executive branch officials are also prohibited from trading event contracts if the subject matter is one in which they personally and substantially participate as a government officer or employee. To enforce these prohibitions, the Attorney General is authorized to bring civil actions against violators, with penalties up to $10,000 per violation or the amount of profit made. The bill also requires foreign boards of trade to submit quarterly reports on prohibited transactions, with non-compliance leading to registration revocation. Furthermore, it directs the Commission to issue rules restricting the inappropriate use of material nonpublic information for profit in event contract trading. The legislation also introduces new financial disclosure requirements for a broader range of covered reporting individuals, including their spouses and dependent children. These individuals must disclose whether they have purchased, sold, or exchanged an event contract in their annual and termination reports, including a description and value. Additionally, periodic reports are required for event contract transactions within 45 days of their occurrence.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Finance and Financial Sector
End Prediction Market Corruption Act
USA119th CongressS-4017| Senate
| Updated: 3/5/2026
This bill amends the Commodity Exchange Act to prohibit certain government officials from engaging in event contract trading. Specifically, the President , Vice President , and Members of Congress are banned from purchasing, selling, or exchanging any event contract. Senior executive branch officials are also prohibited from trading event contracts if the subject matter is one in which they personally and substantially participate as a government officer or employee. To enforce these prohibitions, the Attorney General is authorized to bring civil actions against violators, with penalties up to $10,000 per violation or the amount of profit made. The bill also requires foreign boards of trade to submit quarterly reports on prohibited transactions, with non-compliance leading to registration revocation. Furthermore, it directs the Commission to issue rules restricting the inappropriate use of material nonpublic information for profit in event contract trading. The legislation also introduces new financial disclosure requirements for a broader range of covered reporting individuals, including their spouses and dependent children. These individuals must disclose whether they have purchased, sold, or exchanged an event contract in their annual and termination reports, including a description and value. Additionally, periodic reports are required for event contract transactions within 45 days of their occurrence.