Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.
Introduced May 7, 2026 · Last action May 7, 2026 — Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Summary
The House of Representatives would prohibit its members from participating in prediction markets, where people bet on future events. This would prevent lawmakers from profiting from information they gain through their jobs. The goal is to maintain the integrity of the legislative process.
Full bill text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1263 Introduced in House (IH)]
<DOC>
119th CONGRESS
2d Session
H. RES. 1263
Amending the Rules of the House of Representatives to prohibit Members
of the House from entering into certain agreements, contracts, or
transactions with respect to prediction markets.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 7, 2026
Mrs. Hinson submitted the following resolution; which was referred to
the Committee on Ethics, and in addition to the Committees on the
Judiciary, and Oversight and Government Reform, for a period to be
subsequently determined by the Speaker, in each case for consideration
of such provisions as fall within the jurisdiction of the committee
concerned
_______________________________________________________________________
RESOLUTION
Amending the Rules of the House of Representatives to prohibit Members
of the House from entering into certain agreements, contracts, or
transactions with respect to prediction markets.
Resolved,
SECTION 1. PROHIBITION ON PREDICTION MARKET TRADING BY MEMBERS OF THE
HOUSE OF REPRESENTATIVES.
Rule XXIII of the Rules of the House of Representatives is
amended--
(1) by redesignating clause 22 as clause 23; and
(2) by inserting after clause 21 the following:
``22. No Member, Delegate, Resident Commissioner, officer, or
employee of the House of Representatives may enter into, or offer to
enter into, an agreement, contract, swap, or transaction that provides
for any purchase, sale, payment, or delivery of an excluded commodity,
as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a),
that is dependent on the occurrence, nonoccurrence, or the extent of
the occurrence of a specific event or contingency. Nothing in this
clause shall be construed to apply to insurance for which the insured
holds a lawful insurable interest.''.
SEC. 2. SENSE OF THE HOUSE OF REPRESENTATIVES.
It is the sense of the House of Representatives that the executive
branch and judicial branch should establish restrictions similar to
those added to the Rules of the House of Representatives under section
1 relating to participation in prediction markets.
<all>Official legislative text sourced from the public record (cached on CivicsHQ).
Official source
View the original bill, actions, and full legislative record on Congress.gov.
Status
In Committee
- 1Introduced
- 2Committee
- 3Floor
- 4Passed
- 5Signed
Timeline reflects current normalized status only. Full action history is not yet stored in the API.
Topics
Sponsors
- Rep. Hinson, Ashley [R-IA-2]RHouseIA