Prediction Market RISK Act

Seth Moulton

Democrat · MA · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Agriculture.

2026-03-27

Source: Congress.gov

This bill would establish rules for prediction markets—platforms where people bet money on the outcomes of future events like elections, sports, or economic indicators—by clarifying which government agencies can oversee them and what safeguards must be in place. The legislation aims to reduce regulatory uncertainty so these markets can operate legally while protecting consumers from fraud and manipulation. Financial companies, traders, and the general public who might use these platforms would be affected by the new oversight framework.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8148 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8148 To reaffirm the Commodity Futures Trading Commission's authority to enforce prohibited activity on prediction markets. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 27, 2026 Mr. Moulton introduced the following bill; which was referred to the Committee on Agriculture _______________________________________________________________________ A BILL To reaffirm the Commodity Futures Trading Commission's authority to enforce prohibited activity on prediction markets. 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 ``Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act'' or the ``Prediction Market RISK Act''. SEC. 2. DEFINITION. The term ``prediction market contract'' means any financial instrument, contract, or derivative listed on or offered by a platform engaged in interstate commerce and tied to the occurrence or non- occurrence of a future event, including market-based event contracts. SEC. 3. CFTC AUTHORITY TO ENFORCE PROHIBITED TRANSACTIONS OCCURRING IN RELATION TO A PREDICTION MARKET CONTRACT. Section 4(c) and section 6(c) of the Commodity Exchange Act (7 U.S.C. 7a-2(c)) apply to illegal trading practices occurring with relation to a prediction market contract. <all>

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