Last updated: 04/15/2026
Latest news: KY legislature overrides Governor veto of HB 904; Torres letter to CFTC
Below is a tracker for prediction market legislation in Congress and state legislatures. Legislation tracking sites and services were not capturing everything so this page attempts to compile everything introduced in 2026.
Congressional Legislation
| Body | Legislation | Sponsor | Party-State | Status | Notes |
| House | H.R. 7004 | Torres, Richie | D-NJ | Referred to the Committee on Oversight and Government Reform, | Public Integrity in Financial Prediction Markets Act of 2026. To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes. 42 co-sponsors. |
| House | H.R. 7477 | Titus, Dina | D-NV | Referred to the House Committee on Agriculture | Fair Markets and Sports Integrity Act. Ban event contracts on casino games & sports |
| Senate | S.4060 | Blumenthal, Richard | D-CT | Referred to the Committee on the Judiciary | Prediction Markets Security and Integrity Act. Co-sponsor Andy Kim (D-NJ). Provisions against insider trading, raises age limit to 21, and subjects PMs to state authority. |
| Senate | S.4017 | Merkely, Jeff | D-OR | Referred to the Senate Committee on Agriculture, Nutrition, and Forestry. | End Prediction Market Corruption Act. Co-sponsors: Klobuchar, Schiff, Van Hollen, Gillibrand. Bans the president, VP, and members of Congress from trading on prediction markets. Full text. |
| House | H.R. 7840 | Moore, Blake | R-UT | Referred to the House Committee on Agriculture | The Event Contract Enforcement Act, prohibit event contracts based on sports, terrorism, assassination, war, or illegal activity. The bill includes a clause to allow states to opt out of the sports event contract ban if they so choose. Co-sponsor Rep Salud Carbajal (D-CA) |
| House | Amendment #032 to H.R. 7567 | Vasquez, Gabe | D-NM | Blocked in committee | DCMs cannot offer event contracts or swaps on sporting events or casino-style games. |
| Senate | S. 4035 | Schiff, Adam | D-CA | Referred to Senate Committee on Agriculture, Nutrition, and Forestry | DEATH BETS Act (“Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act”). Adds war and death to list of prohibited contracts. |
| House | H.R.7942 | Levin, Mike | D-CA | Referred to the House Committee on Agriculture. | DEATH BETS Act (“Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act”). Adds war and death to list of prohibited contracts. |
| Senate | S. 4115 | Murphy, Chris | D-CT | Referred to the Committee on the Judiciary | Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act. Ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. |
| House | H.R. 7955 | Casar, Greg | D-TX | Referred to the Committee on the Judiciary, and in addition to the Committees on Agriculture, and Financial Services | Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act. Ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. |
| Senate | S. 4160 | Schiff, Adam | D-CA | Referred to the Committee on Agriculture, Nutrition, and Forestry | Prediction Markets Are Gambling Act; ban sports contracts & casino-style games. So-sponsors: John Curtis (R-UT) & Catherine Cortez Masto (D-NM) |
| Senate | S. 4188 | Slotkin, Elissa | D-MI | Referred to the Committee on Homeland Security and Governmental Affairs. | prohibit a covered individual from engaging in covered transactions involving prediction market contracts, |
| House | H.R. 8076 | Budzinski, Nikki | D-IL | Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary | Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act (PREDICT Act). Ban members of Congress from participating in prediction markets related to political events or policy decisions. The ban would also extend to dependents and spouses of lawmakers, senior congressional staff, political appointees, the president, vice president and all senior executive branch employees, including special government employees. Implements a fine to violators of 10 percent of the value of violating transactions, plus force any profits from those transactions to go to the U.S. Treasury. Six republicans co-sponsoring. |
| Senate | S. 4226 | Merkely, Jeff | D-OR | Referred to the Committee on Agriculture, Nutrition, and Forestry. | STOP Corrupt Bets Act. (Stop Trading On Predictions and Corrupt Bets Act of 2026) Second Merkeley bill. |
| House | H.R. 8123 | Raskin, Jamie | D-MD | Referred to the House Committee on Agriculture | STOP Corrupt Bets Act. (Stop Trading On Predictions and Corrupt Bets Act of 2026) |
| House | H.R. 8148 | Moulton, Seth | D-MA | Referred to the House Committee on Agriculture. | Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act (Prediction Market RISK Act). |
Congressional Letters to CFTC
| Date | Chaiman | Lead | Topic | Members | Notes |
| 07/24/2023 | Behnam | Raskin & Sarbanes | Urging denial of Kalshi election contracts | Raskin*, Sarbanes | *House member |
| 08/02/2023 | Behnam | Merkley (D-OR) | Political contracts & election integrity | Merkley, Whitehouse, Markey, Warren, Van Hollen, Feinstein | |
| 08/05/2024 | Behnam | Merkley (D-OR) | Support CFTC rulemaking to ban election contracts | Merkley, Raskin, Whitehouse, Sarbanes, Warren, Norton*, Van Hollen, Blumenthal | *House member |
| 09/11/2024 | Behnam | Jordan* (R-OH) | House Oversight Committee requesting documents related to Kalshi | Jordan* | *House member |
| 09/30/2025 | Pham | Cortez Masto (D-NM) | Sports contracts | Cortez Masto, Curtis, Gallego, Slotkin, Schiff, Padilla, Rosen | Curtis (UT) is first GOP signee |
| 01/11/2026 | Selig | Schiff (D-CA) | Potential insider trading in Polymarket’s Maduro market | Cortez Masto, Van Hollen, Rosen, Slotkin, Kim, Welch, Schiff, Merkley, Booker, Hickenlooper, Blumenthal, Padilla | |
| 02/13/2026 | Selig | Schiff (D-CA) & Cortez Masto (D-NM) | Selig testimony, “look to the courts.” | Schiff, Cortez Masto, Blumenthal, Slotkin, Reed, Klobuchar, Van Hollen, Heinrich, Booker, Smith, Lujan, Rosen, Hirono, Gallego, Kim, Murray, Hickenlooper, Baldwin, Wyden, Rochester, Padilla, Alsobrooks, Cantwell | |
| 02/23/2026 | Selig | Schiff (D-CA) | Death markets related to Artemis-II rocket | Schiff, Cortez Masto, Blumenthal, Kaine, Booker, Rosen | |
| 03/05/2026 | Selig | Reed (D-RI) | prohibit event contracts tied to U.S. military operations | Reed, Hickenlooper | |
| 03/29/2026 | Selig | Warren (D-MA) | circulate executive branch–wide guidance explaining that federal employees must refrain from insider trading in prediction markets | Warren, Merkley, Gallego, Craig, Gillibrand, Hickenlooper, Klobuchar, Cortez Masto, Kim, Warnock, Booker, Norton, Vindman, Moulton, Carbajal, Kaptur, Titus, Vasquez, Sorensen, Carson, Shaheen, Warner, Thompson, Subramanyam, Salinas, Van Hollen, Casten, McGovern, Mannion, Courtney, Budzinski, Rosen, Whitesides, Brown, Raskin, Goodlander, Costa, McCollum, Davids, Reed, Waters, Levin | |
| 04/06/2026 | Selig | Mouton (D-MA) | explain why CFTC is not pursuing violations of US law outside of US like Polymaket’s war markets | Moulton, McGovern, Casar, Raskin, Titus, Amo, Ansari | |
| 04/09/2026 | Selig | Torres (D-NY) | Polymarket trades on Iran ceasefire | Torres, |
State Legislation
| State | Body | Legislation | Sponsor | Party-District | Status | Notes |
| CA | Assembly | AB 1840 | Sanchez, Kate | R-71 | Referred to Committee on Elections | prohibits certain public officials, employees, and lobbyists from using PMs |
| CA | Assembly | AB 2617 | Schiavo, Pilar & Bonta, Mia | D-40 & D-18 | Re-referred to Committee on Governmental Organization | Protecting Our Kids from Gambling Addiction Act. Prohibit fantasy sports wagering apps and prediction market apps from advertising specifically to minors or allowing them to use their services |
| CT | House | HB 5038 | Lamont, Ned | D-Gov | Referred to Joint Committee on General Law | Age limits |
| HI | House | HB 2198 | Matayoshi, Scot | D-49 | Passed House. In Senate Committee on Contracts, Procurement & Committee on Judiciary | Includes PMs in the definition of “gambling” |
| IA | Senate | SF 2470 | Klimesh, Mike | R-32 | Formerly SF2085. Passed Senate and referred to House Ways & Means Committee. | Permit and taxes for PMs. Fiscal Note. |
| IL | House | HB 5059 | González, Edgar | D-23 | Referred to Rules Committee | Age and market limits |
| IL | Senate | SB4168 | Hastings, Michael | D-19 | Referred to Assignments | Prediction Markets Regulation and Taxation Act |
| KY | House | HB 904 | Koch, Matt & Meredith, Michael | R-72 & R-19 | Governor vetoes bill; Both houses of legislature override veto. | a prohibition against any track or association licensed to conduct horse racing, sports wagering, or fantasy sports being affiliated with or benefiting from any entity that offers prediction market contracts in the state. |
| KY | House | HB 757 | Petrie, Jason | R-16 | Different versions passed House & Senate; House needs to agree to Senate changes before going to the Governor. | Senate added in a 17.25% tax on the transaction fees for prediction market operators |
| NJ | Senate | S3692 | Turner, Shirley & McKeon, John | D-15 & D-27 | Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee | Prohibits operation of certain prediction markets in this State; authorizes athletic event markets operating in compliance with sports wagering regulations; establishes public awareness campaign. |
| MN | Senate | SF 4511 | Marty, John | D-40 | Senate Commerce and Consumer Protection Committee passed and sent to Senate Finance Committee. | Makes it a felony to operate PMs on sports, casino-style games & politics. Ban extends to payment processors, suppliers and media affiliates; includes 10-year ban on gaming licensure. Companion to HF 4437 |
| MN | House | HF 4437 | Greenman, Emma | D-63B | Passed House Public Safety Finance and Policy Committee and re-referred it to the House Commerce, Finance, and Policy Committee | Ban certain prediction market contracts tied to real-world events. The bill explicitly names several categories of prohibited event contracts: -Sports events or outcomes within sporting events -Casino-style contests or gaming promotions -Events involving specific individuals or groups of people -Political outcomes, including elections -Catastrophic events such as wars or natural disasters -Death or mass casualty events Includes payment processors and financial institutions. Companion to SF 4511 |
| NY | Assembly | A9251 | Vanel, Clyde | D-33 | In Committee on Consumer Affairs and Protection | Numerous restrictions |
| NY | Assembly | A9635 | Steck, Phil | D-110 | Assembly Committee on Governmental Operations | Restricts the use of prediction markets and/or mobile sports wagering platforms by officers or employees of a state agency, members of the legislature or legislative employees when using information acquired by such public officer in the course of their official duties. |
| NY | Senate | SB 8889 | Cooney, Jeremy | D-56 | In Senate Banks Committee | Requires license to operate PM |
| PA | House | Burgos, Danilo | D-197 | Not introduced, but recruiting co-sponsors | Event Market Regulatory Act, with state taxation and regulation | |
| PA | Senate | Williams, Lindsey | D-38 | Not introduced, but recruiting co-sponsors | Resolution Urging Congress to Ban Insider Stock Trading and Betting in Prediction Markets | |
| SD | Senate | SJR 504 | Crabtree, Casey | R-8 | Passed Senate. In House State Affairs Committee. | State Constitutional amendment on online gaming; not specifically in bill. |
| TN | House | HB 2079 | Littleon, Mary | R-87 | Passed Criminal Justice Subcommittee with Amendments & sent to House Finance, Ways and Means Committee. | Class E felony to attempt to influence the outcome of an event |
| TN | Senate | SB 1992 | Haile, Ferrell | R-18 | Advanced out of the Senate Judiciary committee a headed to full Senate floor | Class E felony to attempt to influence the outcome of an event |
| UT | House | HB 243 | Elison, Joseph | R-72 | Passed both houses & sent to Governor | Technically only bans proposition bets, but speculation it could be applied to PMs |
| VA | House | Krizek, Paul | D-16 | Passed By Indefinitely (effectively killed) in Senate Finance & Appropriations Committee’s Subcommittee on Resources | Mandates a study on PMs | |
| VA | Senate | Aird, Lashrecse | D-13 | Incorporated into SB 609 | Mandates a study on PMs | |
| VA | Senate | SB 609 | Lucas, Louise | D-18 | Passed House & Senate; Conference committee appointed to negotiate differences | Mandates a study on PMs |
| VT | House | H.913 | Stevens, Thomas | D-150 | House Committee on Government Operations and Military Affairs | Ban PMs on sports, contests, natural persons, 19 politics and campaigns, disasters, war, all-hazards, or death. |