Bill · H.Res. 1263· House(119-HRES-1263)
Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.
- Introduced
- 5/7/2026
- Last activity
- 5/7/2026 — Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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 committee concerned.
- Sponsored by
- Ashley Hinson
- Cosponsors
- - 2 - 0
- Introduced
- In Committee
A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.
What this bill would do
This resolution proposes amending the Rules of the House of Representatives. The change would prohibit Members, Delegates, Resident Commissioners, officers, or employees of the House from participating in certain transactions involving prediction markets. Specifically, it targets agreements, contracts, or swaps involving excluded commodities that depend on the occurrence of a specific event. This amendment would add a new clause to Rule XXIII. The resolution also expresses the sense of the House that the executive and judicial branches should establish similar restrictions.
Yes
Does this make what the government does easier for the public to see?+3
The prohibition on specific financial transactions for House members aims to prevent conflicts of interest and increase public trust.
Does this give people more protection from unfair business practices?+2
The bill prohibits House members from profiting from prediction markets, which reduces potential conflicts of interest in commodity trading.
The opposite
Would people with substantial wealth be better off under this?-1
The bill restricts a specific type of speculative financial transaction that could be used by wealthy individuals in government.
Who it would affect, and how
Potential Positive Impacts for People
- Restriction of Prediction Market Trading: By prohibiting Members, officers, and employees from entering into agreements, contracts, or transactions related to specific events or contingencies involving excluded commodities, the rule aims to regulate their financial activities. (Section 1)
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+3
- Economy And Finance
- Improves Consumer Protection+2
- Demographic And Interest Groups
- Good For High Net Worth Individuals-1
- 6/18/2026
- 1 Cosponsor added.
- 5/12/2026
- 1 Cosponsor added.
- 5/7/2026
- Submitted in House
- Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, 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 committee concerned.
Jack BergmanRepublican · Michigan
Ryan MackenzieRepublican · Pennsylvania