The Public Integrity in Financial Prediction Markets Act of 2026 seeks to prevent government officials from using insider information for personal gain in prediction markets. It broadly defines covered individuals to include the President, Vice President, Members of Congress, congressional staff, political appointees, and employees of Executive and independent regulatory agencies. These individuals are specifically prohibited from using material nonpublic information , obtained through their official positions, to profit from covered transactions involving prediction market contracts . A prediction market contract is any financial instrument tied to the occurrence or non-occurrence of an event, regardless of its platform or domicile. Violators face fines of at least $500 or double their illicit profits, with these funds going to the Treasury. Supervising ethics offices are mandated to implement these rules, establishing procedures, issuing guidelines, and collecting penalties. Furthermore, covered individuals must report any prediction market transaction exceeding $250 to their ethics office within 30 days, detailing the contract's value, date, platform, and eventual profit or loss.