Last updated: 03/05/2026
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, | To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes. |
| House | H.R. 7477 | Titus, Dina | D-NV | Referred to the House Committee on Agriculture | Ban event contracts on casino games & sports |
| Senate | Blumenthal, Richard | D-CT | Announced but not introduced yet | ||
| Senate | Murphy, Chris | D-CT | Announced but not introduced yet | ||
| Senate | Merkely, Jeff & Klobuchar, Amy | D-OR & D-MN | Announced but not introduced yet. Bans the president, VP, and members of Congress from trading on prediction markets |
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 |
State Legislation
| State | Body | Legislation | Sponsor | Party-District | Status | Notes |
| CA | Assembly | AB 1840 | Sanchez, Kate | R-71 | In Committee on Elections | prohibits certain public officials, employees, and lobbyists from using PMs |
| 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 | Committee on Judiciary & Hawaiian Affairs passed with amendments 3/3/2026 | Includes PMs in the definition of “gambling” |
| IA | Senate | SF 2085 | Klimesh, Mike | R-32 | Referred to Ways and Means subcommittee | Permit and taxes |
| IL | House | HB 5059 | González, Edgar | D-23 | Referred to Rules Committee | Age and market limits |
| IL | Senate | |||||
| 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 |
| 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 |
| 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 | In Criminal Justice Subcommittee | felony to attempt to influence the outcome of an event |
| TN | Senate | SB 1992 | Haile, Ferrell | R-18 | In Senate Judiciary Committee | 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 | HB 271 | Krizek, Paul | D-16 | Passed House & referred to Senate Committee on Rehabilitation and Social Services | Mandates a study on PMs |
| VA | Senate | SB 195 | Aird, Lashrecse | D-13 | In Senate Finance Committee | Mandates a study on PMs |
| VA | Senate | SB609 | Lucas, Louise | D-18 | Passed House & Senate | 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. |