Bill · H.R. 8123· House(119-HR-8123)
STOP Corrupt Bets Act of 2026
- Introduced
- 3/26/2026
- Last activity
- 3/26/2026 — Referred to the House Committee on Agriculture.
- Sponsored by
- Jamie Raskin
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "STOP Corrupt Bets Act of 2026," aims to amend the Commodity Exchange Act. It seeks to prohibit certain event contracts on prediction markets from being traded through registered entities. The prohibited matters include political elections, actions by the U.S. government branches, sporting events, and military actions. An exception is made for contracts used for hedging or mitigating commercial risk regarding government actions. Additionally, the bill mandates a study by the Comptroller General regarding prediction markets and their impacts.
Yes· 3 of 4
Does this give people more protection from unfair business practices?+2
The bill aims to preserve the integrity of markets by prohibiting certain types of speculative event contracts.
Does this give the federal government more power?+1
The bill expands federal regulatory authority over prediction market event contracts.
Does this make elections run better?+1
The bill seeks to restrict the use of prediction markets for political elections.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Prevention of Gambling Structures: The bill expresses the intent to prevent a Federal regulatory structure that permits gambling (Section 3).
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Protection of Commercial Risk: The bill allows for exceptions to the prohibition for agreements used for hedging or mitigating commercial risk regarding actions taken by the executive, legislative, or judicial branches (Section 2).
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Insight into Market Risks: The Comptroller General is required to conduct a study that includes looking at the impacts on individuals aged 18 to 20 years old of trading in prediction markets (Section 4).
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Integrity Preservation: The GAO study aims to find ways Congress can address illegal acts in both foreign and domestic prediction markets to preserve the integrity of those markets (Section 4).
Potential Negative Impacts for People
- Prohibition of Political and Sporting Contracts: Individuals will no longer be able to participate in contracts or trades involving political elections, contests, government actions, sporting events, or military actions through registered entities (Section 2).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+2
- Governance And Ideology
- Improves Electoral Process+1Increases Federal Power+1
- Demographic And Interest Groups
- Good For Young Adults+1
- 9/15/2026
- 1 Cosponsor added.
- 8/20/2026
- 1 Cosponsor added.
- 5/26/2026
- 2 Cosponsors added.
- 3/26/2026
- Referred to the House Committee on Agriculture.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Valerie FousheeDemocrat · North Carolina
Greg LandsmanDemocrat · Ohio
Betty McCollumDemocrat · Minnesota
Eleanor NortonDemocrat · District of Columbia