U.S. House of Representatives Committee on House Administration

06/18/2026 | Press release | Distributed by Public on 06/18/2026 11:42

Chairman Steil Introduces the Stop Lawmakers from Predicting Act

WASHINGTON - Today, Committee on House Administration Chairman Bryan Steil (WI-01) introduced the Stop Lawmakers from Predicting Act. This legislation prohibits Members of Congress, their spouses, and dependent children from wagering on public policy issues and political outcomes.

"The American people deserve to know their Member of Congress is not profiting off insider information. The Stop Lawmakers from Predicting Act ensures that cannot happen," said Chairman Steil. "This legislation is critical to restoring the public's trust in their elected officials. Lawmakers should be writing policy, not wagering on its outcome."

The Stop Lawmakers from Predicting Act:

  • Bans Members, their spouses, and their dependent children from utilizing prediction markets to wager on a specific government policy, government action, or political outcome.

  • Violators must pay a fee equal to $2,000 or ten percent of the value of the prohibited transaction (whichever is greater), and the net gain realized from the transaction.

  • Members cannot use their Members' Representational Allowance, Senate personnel and office expense account, or political contributions or donations to pay the fine.

  • Members who resign or retire without paying the fine can be referred to DOJ for civil enforcement.

Read the full bill here.

Background:

Recently, news outlets have highlighted concerns about the use of nonpublic information in prediction markets, including candidates wagering on their own elections.

Under current law, lawmakers are not explicitly prohibited from using prediction markets to wager on public policy issues or election outcomes.

Many Americans believe that stronger measures are necessary to ensure lawmakers are not profiting off insider information.

This legislation builds on the Stop Insider Trading Act, which was advanced by the Committee on House Administration on January 14, 2026.

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