HouseH.R. 8771119th Congress
Campaign Event Contract Integrity Act
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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8771 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 8771
To prohibit certain campaign-affiliated individuals from trading
political event contracts while in possession of material nonpublic
campaign information, to require covered prediction market platforms to
maintain safeguards against insider trading and market manipulation,
and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 12, 2026
Mr. Torres of New York (for himself and Mr. Moulton) introduced the
following bill; which was referred to the Committee on Agriculture
_______________________________________________________________________
A BILL
To prohibit certain campaign-affiliated individuals from trading
political event contracts while in possession of material nonpublic
campaign information, to require covered prediction market platforms to
maintain safeguards against insider trading and market manipulation,
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 ``Campaign Event Contract Integrity
Act''.
SEC. 2. DEFINITIONS.
In this Act:
(1) Covered campaign-affiliated individual.--The term
``covered campaign-affiliated individual'' means any individual
who, directly or indirectly, receives compensation from, acts
on behalf of, or provides services to--
(A) a candidate for Federal office;
(B) an authorized committee of a candidate for
Federal office;
(C) a political committee;
(D) a political party committee;
(E) a leadership PAC; or
(F) any entity or organization substantially
engaged in campaign-related activity, including any
employee, consultant, advisor, pollster, data analyst,
strategist, media consultant, fundraiser, vendor,
contractor, volunteer with access to confidential
information, or any immediate family member acting on
behalf of such individual.
(2) Covered platform.--The term ``covered platform'' means
any registered entity, designated contract market, swap
execution facility, broker, intermediary, or other platform
that facilitates trading in political event contracts.
(3) Material nonpublic campaign information.--The term
``material nonpublic campaign information'' means confidential
information unavailable to the general public that a reasonable
person would consider important in deciding whether to
purchase, sell, or trade a political event contract,
including--
(A) internal polling;
(B) turnout projections;
(C) voter targeting data;
(D) fundraising information;
(E) campaign advertising strategy;
(F) opposition research;
(G) internal campaign analytics;
(H) unreleased endorsement information;
(I) candidate withdrawal or suspension plans; or
(J) any other confidential campaign information
designated by rule of the Commodity Futures Trading
Commission.
(4) Political event contract.--The term ``political event
contract'' means any agreement, transaction, swap, option,
contract, derivative, or event contract that allows a person to
purchase, sell, trade, or otherwise obtain financial exposure
based on the outcome of--
(A) a Federal election;
(B) a primary election;
(C) a caucus;
(D) the nomination of a candidate;
(E) control of Congress;
(F) the approval or rejection of legislation; or
(G) any other political or governmental event
designated by the Commodity Futures Trading Commission.
SEC. 3. TRADING BY CAMPAIGN-AFFILIATED INDIVIDUALS.
(a) Conduct During Campaign Affiliation.--No covered campaign-
affiliated individual may, directly or indirectly, purchase, sell,
trade, or otherwise transact in a political event contract while
knowingly in possession of material nonpublic campaign information.
(b) Tipping Prohibition.--No covered campaign-affiliated individual
may communicate, provide, or disclose material nonpublic campaign
information to another person when it is reasonably foreseeable that
such information may be used to trade a political event contract.
(c) Evasion Prohibition.--No person may knowingly trade political
event contracts on behalf of, at the direction of, or for the benefit
of a covered campaign-affiliated individual for the purpose of evading
this Act.
SEC. 4. PLATFORM SAFEGUARDS AND COMPLIANCE REQUIREMENTS.
(a) In General.--Each covered platform shall establish and maintain
reasonable policies, procedures, and controls reasonably designed to--
(1) detect and prevent trading prohibited under this Act;
(2) identify suspicious trading activity involving
campaign-affiliated individuals;
(3) monitor concentrated or coordinated trading activity
connected to campaigns, political committees, or affiliated
entities;
(4) maintain records sufficient to assist in the detection
and investigation of violations of this Act; and
(5) report suspicious activity to the Commodity Futures
Trading Commission, as appropriate.
(b) Campaign Affiliation Disclosure.--A covered platform shall
require any trader engaging in political event contract trading above
thresholds established by the Commodity Futures Trading Commission to
disclose whether such trader--
(1) is employed by, compensated by, or affiliated with a
Federal campaign, political committee, or political party
committee; or
(2) possesses access to material nonpublic campaign
information.
(c) Rulemaking.--Not later than 180 days after the date of the
enactment of this Act, the Commodity Futures Trading Commission shall
promulgate rules implementing this section.
SEC. 5. ENFORCEMENT.
(a) Authority.--The Commodity Futures Trading Commission may
investigate potential violations of this Act and bring civil
enforcement actions in an appropriate United States district court.
(b) Civil Penalties.--Any person who violates this Act shall be
subject to--
(1) a civil penalty not to exceed the greater of--
(A) $250,000; or
(B) three times the profit gained or loss avoided
as a result of the violation;
(2) disgorgement of profits obtained through prohibited
trading activity; and
(3) temporary or permanent trading bans relating to
political event contracts.
(c) Referral Authority.--The Commodity Futures Trading Commission
may refer evidence of willful misconduct, fraud, conspiracy, false
statements, or other criminal violations to the Attorney General.
SEC. 6. SAFE HARBOR.
Nothing in this Act shall be construed to prohibit--
(1) lawful political analysis based exclusively on publicly
available information;
(2) journalism, academic research, or public commentary;
(3) trading activity by persons without access to material
nonpublic campaign information; or
(4) the lawful operation of political event contracts
otherwise permitted under Federal law.
SEC. 7. RULE OF CONSTRUCTION.
Nothing in this Act shall be construed to--
(1) alter, limit, expand, or otherwise affect the authority
of the Commodity Futures Trading Commission under the Commodity
Exchange Act;
(2) modify, supersede, or preempt any existing Federal
securities, commodities, campaign finance, fraud, ethics, or
anti-corruption laws;
(3) prohibit or authorize the prohibition of political
event contracts otherwise permitted under Federal law; or
(4) limit the authority of any Federal agency to
investigate, enforce, or prosecute conduct otherwise prohibited
under Federal law.
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