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

WASHINGTON—U.S. Senators John Curtis (R-UT), Elissa Slotkin (D-MI), Todd Young (R-IN), and Adam Schiff (D-CA)introducedthe bipartisanPublic Integrity in Financial PredictionMarkets Act of 2026. The bill prohibits federally elected officials and government employees from using insider information to bet on a prediction market contract.
Multiplenews reportsaround the Iran conflict note 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 material non-public information of any kind on any event contract.
“Public service should not be a pathway to private gain,”said Senator Curtis.“Our bipartisan legislation ensures that insider trading rules apply to prediction markets and removes any ambiguity in how those rules are enforced—underscoring a basic expectation that those entrusted with sensitive information cannot use it for personal profit.”
“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.”
“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.”
“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.”
Detailsof thePublic Integrity in Financial Markets Act of 2026:
The full text of the bill isavailable here.