Public Integrity in Financial Prediction Markets Act of 2026

Prevention of Unfair Profiteering: The bill prohibits covered individuals from using material nonpublic information derived from their official positions to make a profit through covered transactions (Section 13152). This targets the use of information that is not publicly available but would be important to a reasonable investor.

Increased Transparency and Accountability: The act requires covered individuals to submit detailed reports to their supervising ethics office for any covered transaction valued at more than $250 (Section 13155). These reports must include the contract's value, date, time, name, platform used, and the final profit or loss.

Established Oversight Procedures: Supervising ethics offices are tasked with establishing procedures, standard forms, and rules in consultation with the Commodity Futures Trading Commission to implement this subchapter (Section 13154).

Financial Penalties for Officials: Covered individuals who violate the prohibition against using nonpublic information for profit can be assessed a fine of up to $500 or double the profit made from the transaction (Section 13153).

Increased Administrative Burdens: The bill imposes specific reporting duties on covered individuals for transactions over $250, requiring them to submit reports describing the transaction details and subsequent profit or loss (Section 13155).