Young, Slotkin Lead Bipartisan Bill to Stop Insider Trading from Government Officials on Prediction Markets

WASHINGTON –Today, U.S. Senators Todd Young (R-Ind.), Elissa Slotkin (D-Mich.), John Curtis (R-Utah), and Adam Schiff (D-Calif.) today introduced the bipartisanPublic Integrity in Financial Prediction Markets Act of 2026.The bill prohibits federally elected officials and government employees from using insider information to bet on a prediction market contract.
As noted in multiplenews reportsaround the Iran war strikes, elected and government officials at all levels are privy to confidential information that could appear on a prediction market. This legislation would ban them from using non-material public information of any kind on any event contract.“Public service should never be a pathway to personal profit based on insider information,”said Senator Young.“Recent activity in prediction markets has raised real concerns that individuals with access to sensitive, nonpublic information could exploit that advantage for financial gain. Our bill will prohibit elected officials, staff, and executive branch employees from trading prediction market event contracts based on information acquired as part of their official duties. This is a sensible step to protect taxpayers and promote integrity in government.”
“No one should be profiting off the information and knowledge gained as a public servant, period,”said Senator Slotkin.“This bill is an important first step in placing common sense rules around prediction markets, and it has real teeth to ensure those who break these rules face real consequences. I am proud of our bipartisan coalition, and I thank Senators Young, Schiff and Curtis for working with me to move this important bill forward.”“Our bipartisan legislation makes clear that public service is not a pathway to private gain,”said Senator Curtis.“As financial markets evolve, so too must our ethics laws. By extending long-standing insider trading principles to prediction markets, this bill closes a dangerous loophole and reinforces a basic expectation: those entrusted with sensitive information cannot use it to bet on the future for personal profit.”“The prediction markets industry can’t be left alone to self-police,”said Senator Schiff.“That’s why we need strong rules to protect against elected officials exploiting insider information to profit on prediction markets. I’m proud to join this bipartisan effort to crack down on this insidious form of insider trading.”
The details of thePublic Integrity in Financial Prediction Markets Act of 2026: