What does Preamble of STOP Corrupt Bets Act of 2026 do?

This bill proposes to amend the Commodity Exchange Act. The amendment aims to prohibit certain event contracts on prediction markets. The bill's purpose is also stated as 'for other purposes'.

What does SHORT TITLE. of STOP Corrupt Bets Act of 2026 do?

This bill is formally titled the Stop Trading On Predictions and Corrupt Bets Act of 2026 or the STOP Corrupt Bets Act of 2026

What does PROHIBITION ON CERTAIN EVENT CONTRACTS. of STOP Corrupt Bets Act of 2026 do?

This section amends the Commodity Exchange Act to prohibit certain event contracts. Prohibited contracts include those involving political elections, actions by US government branches, sporting events, and military actions. An exception is made for hedging or mitigating commercial risk related to actions by US government branches.

What does SENSE OF CONGRESS. of STOP Corrupt Bets Act of 2026 do?

This section expresses the sense of Congress that the intent of the Commodity Exchange Act remains to prohibit the conduct amended by section 2. The Commodity Futures Trading Commission should prevent clearing or trading of agreements, contracts, transactions, or swaps not used for hedging or mitigating commercial risk to avoid a regulatory structure that permits gambling. This Act does not preempt any State law that regulates or prohibits gambling or gaming.

What does GAO STUDY. of STOP Corrupt Bets Act of 2026 do?

The Comptroller General must conduct a study on prediction markets within 60 days of enactment. The study includes examining insider trading, impacts on 18-20 year olds, and non-prohibited markets. The study also explores means to address illegal acts in foreign and domestic prediction markets.

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STOP Corrupt Bets Act of 2026

Last updated: 3/26/2026 · Introduced: 3/26/2026

Author: Jamie Raskin (D-MD)

TL;DR (AI)

This bill amends the Commodity Exchange Act to prohibit event contracts on prediction markets involving political elections, government actions, sporting events, and military actions, with an exception for hedging commercial risk.
The bill directs the Commodity Futures Trading Commission to prevent the clearing or trading of agreements not used for hedging or mitigating commercial risk to avoid a regulatory structure that permits gambling.
The Government Accountability Office will conduct a study on prediction markets, examining issues like insider trading, impacts on young adults, and potential illegal activities.

119th Congressin committeeS. 4226(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

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