Last updated: 06/02/2026
Latest news: Illinois slides prediction market transaction tax into state budget; NY Senate advances PM regulation bill; Tennessee Governor signs ban on prediction market manipulation into law; Defense spending bill includes language requiring prohibitions for PMs;
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. Bold bill numbers have been passed into law while strikethrough bill numbers have died and cannot become law.
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 | 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. Nine 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). |
| Senate | S. Res. 708 | Moreno, Bernie | R-OH | Passes Senate 4/30/2026 | Resolution will modify the standing rules in the Senate to prohibit Senators from entering into any financial deal where the outcome depends on whether a specific event does or does not happen. |
| House | Titus, Dina | D-NV | No vote on amendment | Allows for provisions requiring operators of prediction markets, including those offering event contracts on sports, to contribute funding for problem gambling prevention, treatment, and research. | |
| House | Titus, Dina | D-NV | No vote on amendment | Creates a point of order against considering any bill or joint resolution, or amendment thereto or conference report thereon, that would not prohibit individuals under the age of 21 from trading on prediction markets. | |
| House | Titus, Dina | D-NV | No vote on amendment | Allows for provisions prohibiting event contracts on sports. | |
| Senate | S.4469 | McCormick, Dave | R-PA | Referred to Senate Committee on Agriculture, Nutrition, and Forestry | Prediction Market Act of 2026. Gillibrand co-sponsoring. Move contract review to case-by-case basis and create new advisory committees. |
| House | H. Res. 1248 | Titus, Dina | D-NV | Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform | Resolution to modify House rules to prohibit members & staff from trading on prediction markets. Also calls on Executive & Judicial branches to do the same. |
| House | H.R. 8771 | Torres, Richie | D-NY | Referred to the House Committee on Agriculture. | Campaign Event Contract Integrity Act. Require platforms to implement compliance systems designed to detect and prevent prohibited trading, monitor suspicious activity, maintain investigative records, and report violations to CFTC. Moulton co-sponsoring. |
| Senate | S.4555 | Britt, Katie | R-AL | Introduced to Senate Committee on Commerce, Science, and Transportation | The Gaming Advertisement to Minors Enforcement (GAME) Act. Blumenthal co-sponsoring |
| House | H.R. 8800 | Rogers, Mike | R-MI | Referred to the House Committee on Armed Services. | National Defense Authorization Act for Fiscal Year 2027. Language in a draft would require the Secretary of Defense to develop regulations prohibiting participation in prediction markets related to certain national security topics. |
Congressional Letters
| Date | Recipient | Lead | Topic | Members | Notes |
| 07/24/2023 | CFTC/Behnam | Raskin & Sarbanes | Urging denial of Kalshi election contracts | Raskin*, Sarbanes | *House member |
| 08/02/2023 | CFTC/Behnam | Merkley (D-OR) | Political contracts & election integrity | Merkley, Whitehouse, Markey, Warren, Van Hollen, Feinstein | |
| 08/05/2024 | CFTC/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 | CFTC/Behnam | Jordan* (R-OH) | House Oversight Committee requesting documents related to Kalshi | Jordan* | *House member |
| 09/30/2025 | CFTC/Pham | Cortez Masto (D-NM) | Sports contracts | Cortez Masto, Curtis, Gallego, Slotkin, Schiff, Padilla, Rosen | Curtis (UT) is first GOP signee |
| 01/11/2026 | CFTC/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 | CFTC/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 | CFTC/Selig | Schiff (D-CA) | Death markets related to Artemis-II rocket | Schiff, Cortez Masto, Blumenthal, Kaine, Booker, Rosen | |
| 03/05/2026 | CFTC/Selig | Reed (D-RI) | prohibit event contracts tied to U.S. military operations | Reed, Hickenlooper | |
| 03/29/2026 | CFTC/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 | CFTC/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 | CFTC/Selig | Torres (D-NY) | Polymarket trades on Iran ceasefire | Torres, | |
| 04/21/2026 | CFTC/Selig | Blumenthal (D-CT) | How CFTC is currently enforcing the fair offering and resolution of contracts on prediction markets. | Blumenthal | |
| 04/30/2026 | CFTC/Selig | Merkley (D-OR) | Insider trading | Merkley, Blumenthal, Van Hollen, Whitehouse, Heinrich, Rosen, Smith, Raskin* | *House member |
| 05/22/2026 | Kalshi/Mansour | Comer (R-KY) | House Oversight Committee investigating insider trading. | Comer (Chairman) |
State Legislation
| State | Body | Legislation | Sponsor | Party-District | Status | Notes |
| CA | Assembly | AB 1840 | Sanchez, Kate | R-71 | Referred to Committee on Elections; author cancelled committee hearing twice. | 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. Bonta’s husband is California AG. |
| CT | House | Lamont, Ned | D-Gov | Not passed before adjourning; will not become law. | An Act Prohibiting Prediction Market Platforms From Allowing Use by or Advertising to Consumers Under the Age of Twenty-One; Hearing 2/18/2026 (2:34:00 mark); | |
| HI | House | Matayoshi, Scot | D-49 | Not passed before adjourning; will not become law. | Includes PMs in the definition of “gambling” | |
| IA | Senate | Klimesh, Mike | R-32 | Not passed before adjourning; will not become law. | Formerly SF2085. Permit and taxes for PMs. Fiscal Note. | |
| IL | House | HB 5059 | González, Edgar | D-23 | Referred to Rules Committee; not passed before adjournment but theoretically could pass before January 2027 | Age and market limits |
| IL | Senate | SB4168 | Hastings, Michael | D-19 | Referred to Assignments; not passed before adjournment but theoretically could pass before January 2027 | Prediction Markets Regulation and Taxation Act |
| IL | Senate | SB3019 | Villanueva, Celina | D-12 | Passed by state legislature; governor is expected to sign. | Revenue portion of state budget package. In addition to all other taxes and payments owed under this Act, any wagers offered under this Act shall be subject to incur a transaction tax equal to the 1.75% of each exchange wager. After the first five million exchange wagers conducted by a licensee during a fiscal year, the transaction tax imposed under this subsection shall increase to 3.5% of each exchange wager. |
| KY | House | HB 904 | Koch, Matt & Meredith, Michael | R-72 & R-19 | Governor vetoes bill; Both houses of legislature override veto and pass into law. | 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 869 | Bowling, Adam & Petrie, Jason | R-87 & R-16 | Signed into law by Governor | Amend 26 RS HB 904/VO, Section 22, to require that certain licensees not contract with entities offering sports event contracts or sports prediction markets, and allow the corporation to take administrative action if this section is violated |
| KY | House | HB 757 | Petrie, Jason | R-16 | Governor vetoes bill; Both houses of legislature override veto and pass into law. | Senate added in a 14.25% tax on the transaction fees for prediction market operators taking effect on January 1, 2027. |
| MN | Senate | Marty, John | D-40 | Not passed before adjourning; will not become law. | 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 | Greenman, Emma | D-63B | Not passed before adjourning; will not become law. | 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 | |
| MN | Senate | SF 4760 | Latz, Ron | D-46 | Signed into law by Governor Waltz. | Omnibus Public Safety policy bill. Greenman introduced amendment with PM ban, including sports, politics, elections, and weather. |
| NC | House | HB 1171 | Harrison, Pricey | D-61 | Referred to Committee on Rules, Calendar, and Operations of the House | Outlaw prediction markets in North Carolina |
| 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. |
| NY | Assembly | A9251 | Vanel, Clyde | D-33 | In Committee on Consumer Affairs and Protection | Numerous restrictions. Companion to S9414 |
| 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 |
| NY | Senate | S 9414 | Addabbo, Joseph | D-15 | Reported favorably from Senate Committee on Racing, Gaming and Wagering, and sent to Finance Committee | Oversight and Regulation of Activity for Contracts Linked to Events (ORACLE). Companion to A9251. |
| OH | Senate | SB 430 | DeMora, William P | D-25 | Referred to Select Committee on Gaming | Framework to tax sports event contracts. |
| OH | House | HB 887 | Brennan, Sean | D-14 | Referred to Committee on General Government | Ohio Public Employee Event-Wagering Ethics Act. To prohibit public officials and employees from using prediction markets. |
| PA | House | HB 2497 | Burgos, Danilo | D-197 | Referred to House Committee on Gaming Oversight | Event Market Regulatory Act, taxing 22% of gross revenue & an annual $1 million license fee |
| PA | Senate | SR 276 | Williams, Lindsey | D-38 | Referred to Senate Committee on Banking & Insurance | Resolution Urging Congress to Ban Insider Stock Trading and Betting in Prediction Markets |
| PA | House | Khan, Tarik | D-194 | Not introduced, but recruiting co-sponsors | Stopping Insider Trading on Prediction Markets | |
| SD | Senate | Crabtree, Casey | R-8 | Effectively killed in committee. | State Constitutional amendment on online gaming; not specifically in bill. | |
| TN | House | HB 2079 | Littleon, Mary | R-87 | Signed into law by Governor | Class E felony to attempt to influence the outcome of an event. Companion bill to SB 1992 |
| TN | Senate | SB 1992 | Haile, Ferrell | R-18 | Signed into law by Governor | Class E felony to attempt to influence the outcome of an event. Companion bill to HB 2079 |
| UT | House | HB 243 | Elison, Joseph | R-72 | Signed into law by 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 | Lucas, Louise | D-18 | Failed to Pass from conference | 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. |