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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.

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Status

In Committee

  1. 1Introduced
  2. 2Committee
  3. 3Floor
  4. 4Passed
  5. 5Signed

Timeline reflects current normalized status only. Full action history is not yet stored in the API.

Topics

Criminal JusticeGovernment Operations

Votes

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