To prohibit the use of prediction markets by Department of Defense personnel, and for other purposes.
Sponsor
Full profile: /officials/V000138
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
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.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Armed ServicesReferred To · 2026-05-29
Plain-English Summary
The proposal would ban Department of Defense employees and military personnel from participating in prediction markets, which are betting platforms where people wager money on the outcomes of future events like elections or policy decisions. The restriction aims to prevent potential conflicts of interest and protect national security by ensuring that military and defense staff don't have financial incentives tied to specific geopolitical outcomes or policy decisions.
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.
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- HR8838To amending chapter 131 of title 5, United States Code, to prohibit Members of Congress from certain participation in prediction markets, and for other purposes.Referred to Committee · 2026-05-14