What does Preamble of Honesty and Trust in Service Act do?

This bill aims to prohibit the use of prediction markets by Department of Defense personnel. The bill's purpose is to prohibit the use of prediction markets by Department of Defense personnel and includes 'other purposes'.

What does SHORT TITLE. of Honesty and Trust in Service Act do?

This Act is formally titled the Honesty and Trust in Service Act.

What does PROHIBITION ON USE OF PREDICTION MARKETS BY PERSONNEL OF THE of Honesty and Trust in Service Act do?

This section requires the Secretary of Defense to issue regulations within 180 days of the Act's enactment. The regulations must prohibit members of the covered Armed Forces and civilian employees of the Department of Defense from participating in prediction market transactions. Prohibition applies when individuals possess material nonpublic information relevant to the transaction or may reasonably obtain such information through official duties. The regulations must specify punishments for violating the rules. The 'covered Armed Forces' includes the Army, Navy, Air Force, Marine Corps, and Space Force. ’Material nonpublic information’ is defined as information a reasonable investor would consider important and that is not publicly available.

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Honesty and Trust in Service Act

Last updated: 5/29/2026 · Introduced: 5/29/2026

Author: Eugene Vindman (D-VA)

TL;DR (AI)

The bill prohibits Department of Defense personnel, including military members and civilian employees, from participating in prediction market transactions.
It requires the Secretary of Defense to establish regulations defining 'material nonpublic information' and outlining punishments for violations.
The regulations will apply to all branches of the Armed Forces, including the Space Force.

119th Congressin committeeHR. 8800(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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