What does Preamble of Campaign Event Contract Integrity Act do?

This bill, formally titled 'To prohibit certain campaign-affiliated individuals from trading political event contracts while in possession of material nonpublic campaign information, to require covered prediction market platforms to maintain safeguards against insider trading and market manipulation, and for other purposes,' aims to address insider trading and market manipulation. The bill seeks to prevent campaign-affiliated individuals from trading political event contracts while possessing nonpublic campaign information. It also intends to require prediction market platforms to implement safeguards against insider trading and market manipulation.

What does SHORT TITLE. of Campaign Event Contract Integrity Act do?

This bill is formally titled the Campaign Event Contract Integrity Act

What does DEFINITIONS. of Campaign Event Contract Integrity Act do?

This section defines key terms used within the Act. A 'covered campaign-affiliated individual' is defined as someone receiving compensation or providing services to a candidate, committee, political party, leadership PAC, or campaign-related entity. A 'covered platform' is any entity facilitating trading in political event contracts. ‘Material nonpublic campaign information’ refers to confidential information unavailable to the public that would influence decisions regarding political event contracts. ‘Political event contract’ is defined as an agreement allowing financial exposure based on the outcome of a Federal election or other political event.

What does TRADING BY CAMPAIGN-AFFILIATED INDIVIDUALS. of Campaign Event Contract Integrity Act do?

This section restricts trading by campaign-affiliated individuals. It prohibits purchasing, selling, or trading political event contracts with nonpublic information. It also prohibits communicating nonpublic information that may be used for trading.

What does PLATFORM SAFEGUARDS AND COMPLIANCE REQUIREMENTS. of Campaign Event Contract Integrity Act do?

Covered platforms must establish policies to detect and prevent prohibited trading Platforms must identify suspicious trading activity involving campaign-affiliated individuals Platforms must report suspicious activity to the Commodity Futures Trading Commission Traders must disclose campaign affiliations or access to nonpublic campaign information The Commodity Futures Trading Commission will promulgate rules implementing this section

What does ENFORCEMENT. of Campaign Event Contract Integrity Act do?

The Commodity Futures Trading Commission (CFTC) has the authority to investigate potential violations of this Act and bring civil enforcement actions. Violators of this Act may be subject to civil penalties, including a penalty not exceeding $250,000 or three times the profit gained or loss avoided. Violators may also face disgorgement of profits obtained through prohibited trading activity. Trading bans relating to political event contracts may be imposed, either temporarily or permanently. The CFTC may refer evidence of criminal violations to the Attorney General.

What does SAFE HARBOR. of Campaign Event Contract Integrity Act do?

This section establishes a safe harbor, stating that nothing in the Act shall be construed to prohibit lawful political analysis based exclusively on publicly available information. The safe harbor also protects journalism, academic research, and public commentary. Trading activity by individuals without access to material nonpublic campaign information is also protected. The lawful operation of political event contracts permitted under Federal law is also shielded from restrictions imposed by this Act.

What does RULE OF CONSTRUCTION. of Campaign Event Contract Integrity Act do?

This section provides a rule of construction for the Act It does not alter the Commodity Futures Trading Commission's authority It does not modify or preempt existing Federal laws It does not limit Federal agency authority to investigate or prosecute

Back to bills

Campaign Event Contract Integrity Act

Last updated: 5/12/2026 · Introduced: 5/12/2026

Author: Ritchie Torres (D-NY)

TL;DR (AI)

The bill prohibits campaign-affiliated individuals from trading political event contracts while possessing nonpublic campaign information.
Covered prediction market platforms are required to maintain safeguards against insider trading and market manipulation, including detecting and preventing prohibited trading and reporting suspicious activity to the Commodity Futures Trading Commission.
Violators of the bill may be subject to civil penalties, disgorgement of profits, and trading bans, with the Commodity Futures Trading Commission having the authority to investigate and bring civil enforcement actions.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 6 more.

8 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account