Senate Bill Seeks to Curb Insider Bets on Prediction Markets

A bipartisan group of senators introduced legislation Thursday that would require lawmakers and government employees to disclose any bets they place through prediction markets in a bid to prevent public officials from profiting on privileged information.

The Public Integrity in Financial Markets Act of 2026, introduced by Democrats Elissa Slotkin and Adam Schiff and Republicans Todd Young and John Curtis, mandates that members of Congress, executive-branch officials and staff disclose activity on prediction market platforms and establishes penalties for misconduct.

“We wanted to put something in place on a bipartisan basis to say that there should be some ...