H.R. 8123

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8123 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 8123

To amend the Commodity Exchange Act to prohibit certain event contracts 
on prediction markets, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

March 26, 2026

Mr. Raskin introduced the following bill; which was referred to the 
Committee on Agriculture

_______________________________________________________________________

A BILL

To amend the Commodity Exchange Act to prohibit certain event contracts 
on prediction markets, and for other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Stop Trading On Predictions and 
Corrupt Bets Act of 2026'' or the ``STOP Corrupt Bets Act of 2026''.

SEC. 2. PROHIBITION ON CERTAIN EVENT CONTRACTS.

Section 5c(c)(5) of the Commodity Exchange Act (7 U.S.C. 7a-
2(c)(5)) is amended by adding at the end the following:
``(D) Prohibition on certain event contracts.--
``(i) In general.--Notwithstanding any 
other provision of this section, no agreement, 
contract, transaction, or swap involving any 
matter described in clause (ii) (or any index, 
measure, value, or data related thereto, or 
occurrence, extent of an occurrence, or 
contingency based thereon) may be listed or 
made available for clearing or trading on or 
through a registered entity.
``(ii) Matters described.--The matters 
referred to in clause (i) are--
``(I) any political election or 
contest;
``(II) subject to clause (iii), any 
action taken by the executive, 
legislative, or judicial branch of the 
United States;
``(III) any sporting event or 
contest; and
``(IV) any military action taken by 
the United States or any foreign 
country.
``(iii) Hedging.--The prohibition under 
clause (i) with respect to any matter described 
in clause (ii)(II) shall not apply to an 
agreement, contract, transaction, or swap that 
is used for hedging or mitigating commercial 
risk, as the Commission may determine by rule 
or regulation.''.

SEC. 3. SENSE OF CONGRESS.

It is the sense of Congress that--
(1) notwithstanding the amendment made by section 2, the 
intent of Congress in the Commodity Exchange Act (7 U.S.C. 1 et 
seq.) is the prohibition of the conduct prohibited by that 
amendment;
(2) for the purpose of preventing a Federal regulatory 
structure that permits gambling, the Commodity Futures Trading 
Commission should prohibit the availability for clearing or 
trading on or through any registered entity (as defined in 
section 1a of that Act (7 U.S.C. 1a)) any agreement, contract, 
transaction, or swap (as defined in that section) that is not 
used for hedging or mitigating commercial risk; and
(3) nothing in this Act or any amendment made by this Act 
preempts any State law that regulates or prohibits gambling or 
gaming.

SEC. 4. GAO STUDY.

Not later than 60 days after the date of enactment of this Act, the 
Comptroller General of the United States shall--
(1) conduct a study on--
(A) prediction markets, including--
(i) insider trading in prediction markets; 
and
(ii) the impacts on individuals aged 18 to 
20 years old of trading in prediction markets;
(B) additional types of prediction markets that are 
not prohibited by the Commodity Exchange Act (7 U.S.C. 
1 et seq.) (as amended by section 2) for the purpose of 
preventing a Federal regulatory structure that permits 
gambling, including by examining any agreement, 
contract, transaction, or swap (as defined in section 
1a of that Act (7 U.S.C. 1a)) that is not used for 
hedging or mitigating commercial risk; and
(C) means Congress can use to address illegal acts 
occurring in foreign prediction markets and in domestic 
prediction markets committed by companies with a 
presence in a foreign country and in the United States 
to preserve the integrity of prediction markets; and
(2) make publicly available and submit to Congress a report 
describing the results of the study conducted under paragraph 
(1), including recommendations to Congress to preserve the 
integrity of prediction markets.
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