I 
119TH CONGRESS 
2D SESSION 
H. R. 7004 
To prohibit a covered individual from engaging in covered transactions 
involving prediction market contracts, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 9, 2026 
Mr. TORRES of New York (for himself, Ms. TITUS, Mr. LATIMER, Ms. NOR-
TON, Mr. SHERMAN, Mr. THANEDAR, Mr. MOULTON, Ms. MCBRIDE, Ms. 
ADAMS, Ms. BYNUM, Mr. STANTON, Ms. PETTERSEN, Ms. SEWELL, Mr. 
FOSTER, Mr. SUBRAMANYAM, Ms. PELOSI, Mr. CASTEN, Mr. GOLDMAN 
of New York, Mr. BELL, Mr. CARSON, Mr. HORSFORD, Mr. LEVIN, Mr. 
MCGARVEY, Mr. DELUZIO, Ms. MCDONALD RIVET, Mr. VARGAS, Mr. 
SOTO, Mr. HERNA´NDEZ, Ms. TLAIB, Mr. RILEY of New York, Mr. 
VINDMAN, Ms. MENG, and Ms. MCCOLLUM) introduced the following bill; 
which was referred to the Committee on Oversight and Government Re-
form, and in addition to the Committee on House Administration, 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 com-
mittee concerned 
A BILL 
To prohibit a covered individual from engaging in covered 
transactions involving prediction market contracts, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Public Integrity in Fi-
nancial Prediction Markets Act of 2026’’. 
SEC. 2. PROHIBITION ON COVERED TRANSACTIONS IN-
VOLVING PREDICTION MARKET CONTRACTS. 
(a) IN GENERAL.—It shall be unlawful for a covered 
individual to knowingly engage in a covered transaction 
if the covered individual— 
(1) at the time of the covered transaction, pos-
sesses material nonpublic information relevant to 
such covered transaction; or 
(2) may reasonably obtain such material non-
public information in the course of performing offi-
cial duties, including when such information would 
not otherwise be available to a member of the public 
exercising reasonable diligence. 
(b) DEFINITIONS.—In this section: 
(1) COVERED INDIVIDUAL.—The term ‘‘covered 
individual’’ means— 
(A) an elected official of the Federal Gov-
ernment; 
(B) an employee of the House of Rep-
resentatives or the Senate; 
(C) a political appointee; or 
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(D) an employee of an Executive agency, 
as defined in section 105 of title 5, United 
States Code. 
(2) MATERIAL NONPUBLIC INFORMATION.—The 
term ‘‘material nonpublic information’’ means infor-
mation— 
(A) that a reasonable investor would con-
sider important in making an investment deci-
sion; and 
(B) that is not publicly available. 
(3) PREDICTION
MARKET
CONTRACT.—The 
term ‘‘prediction market contract’’ means any finan-
cial instrument, contract, or derivative— 
(A) listed on or offered by a platform en-
gaged in interstate commerce; and 
(B) tied to the occurrence or non-occur-
rence of a future event, including market-based 
event contracts. 
(4) COVERED TRANSACTION.—The term ‘‘cov-
ered transaction’’ means the purchase, sale, or ex-
change of any prediction market contract related to 
a— 
(A) government policy; 
(B) government action; or 
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(C) political outcome. 
Æ 
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