HouseH.R. 8123119th Congress
STOP Corrupt Bets Act of 2026
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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8123 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 8123
To amend the Commodity Exchange Act to prohibit certain event contracts
on prediction markets, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 26, 2026
Mr. Raskin introduced the following bill; which was referred to the
Committee on Agriculture
_______________________________________________________________________
A BILL
To amend the Commodity Exchange Act to prohibit certain event contracts
on prediction markets, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Stop Trading On Predictions and
Corrupt Bets Act of 2026'' or the ``STOP Corrupt Bets Act of 2026''.
SEC. 2. PROHIBITION ON CERTAIN EVENT CONTRACTS.
Section 5c(c)(5) of the Commodity Exchange Act (7 U.S.C. 7a-
2(c)(5)) is amended by adding at the end the following:
``(D) Prohibition on certain event contracts.--
``(i) In general.--Notwithstanding any
other provision of this section, no agreement,
contract, transaction, or swap involving any
matter described in clause (ii) (or any index,
measure, value, or data related thereto, or
occurrence, extent of an occurrence, or
contingency based thereon) may be listed or
made available for clearing or trading on or
through a registered entity.
``(ii) Matters described.--The matters
referred to in clause (i) are--
``(I) any political election or
contest;
``(II) subject to clause (iii), any
action taken by the executive,
legislative, or judicial branch of the
United States;
``(III) any sporting event or
contest; and
``(IV) any military action taken by
the United States or any foreign
country.
``(iii) Hedging.--The prohibition under
clause (i) with respect to any matter described
in clause (ii)(II) shall not apply to an
agreement, contract, transaction, or swap that
is used for hedging or mitigating commercial
risk, as the Commission may determine by rule
or regulation.''.
SEC. 3. SENSE OF CONGRESS.
It is the sense of Congress that--
(1) notwithstanding the amendment made by section 2, the
intent of Congress in the Commodity Exchange Act (7 U.S.C. 1 et
seq.) is the prohibition of the conduct prohibited by that
amendment;
(2) for the purpose of preventing a Federal regulatory
structure that permits gambling, the Commodity Futures Trading
Commission should prohibit the availability for clearing or
trading on or through any registered entity (as defined in
section 1a of that Act (7 U.S.C. 1a)) any agreement, contract,
transaction, or swap (as defined in that section) that is not
used for hedging or mitigating commercial risk; and
(3) nothing in this Act or any amendment made by this Act
preempts any State law that regulates or prohibits gambling or
gaming.
SEC. 4. GAO STUDY.
Not later than 60 days after the date of enactment of this Act, the
Comptroller General of the United States shall--
(1) conduct a study on--
(A) prediction markets, including--
(i) insider trading in prediction markets;
and
(ii) the impacts on individuals aged 18 to
20 years old of trading in prediction markets;
(B) additional types of prediction markets that are
not prohibited by the Commodity Exchange Act (7 U.S.C.
1 et seq.) (as amended by section 2) for the purpose of
preventing a Federal regulatory structure that permits
gambling, including by examining any agreement,
contract, transaction, or swap (as defined in section
1a of that Act (7 U.S.C. 1a)) that is not used for
hedging or mitigating commercial risk; and
(C) means Congress can use to address illegal acts
occurring in foreign prediction markets and in domestic
prediction markets committed by companies with a
presence in a foreign country and in the United States
to preserve the integrity of prediction markets; and
(2) make publicly available and submit to Congress a report
describing the results of the study conducted under paragraph
(1), including recommendations to Congress to preserve the
integrity of prediction markets.
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