What does Preamble of End Prediction Market Corruption Act do?

This bill proposes to amend the Commodity Exchange Act. The stated purpose is to ban certain Government officials from trading event contracts.

What does SHORT TITLE. of End Prediction Market Corruption Act do?

This bill is formally titled the 'End Prediction Market Corruption Act'.

What does BAN ON TRADING EVENT CONTRACTS BY CERTAIN GOVERNMENT OFFICIALS. of End Prediction Market Corruption Act do?

This section amends the Commodity Exchange Act to prohibit certain government officials from trading event contracts. The definition of 'covered individual' includes the President, Vice President, and Members of Congress. An 'event contract' is defined as an agreement based on an occurrence, extent of an occurrence, or contingency in an excluded commodity. Senior executive branch officials are prohibited from trading event contracts related to matters they substantially participate in as government officials. The Attorney General may bring a civil action against individuals violating the ban and impose a civil penalty of up to $10,000 or the profit made from the violation. Foreign boards of trade must submit quarterly reports to the Commission detailing event contract violations. The Commission is tasked with issuing a rule to restrict the use of material nonpublic information in connection with event contracts.

What does FINANCIAL DISCLOSURE REPORTS. of End Prediction Market Corruption Act do?

This section amends 5 U.S.C. § 13104 and 5 U.S.C. § 13105 to establish reporting requirements related to event contracts. It requires covered reporting individuals to include a statement in their annual and termination reports regarding any event contracts purchased, sold, or exchanged by themselves, their spouse, or dependent child. The reports must also describe the event contract and its value if such transactions occurred. A separate requirement is established for periodic reports, requiring covered reporting individuals to file a report within 30-45 days of notification of an event contract transaction. These periodic reports must include a description of the event contract and its value.

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End Prediction Market Corruption Act

Last updated: 3/5/2026 · Introduced: 3/5/2026

Author: Jeff Merkley (D-OR)

TL;DR (AI)

This bill prohibits certain government officials, including the President, Vice President, and Members of Congress, from trading 'event contracts' related to their official duties.
It mandates enhanced financial disclosure reporting for covered government officials regarding their event contract transactions, including both annual/termination reports and periodic reports.
The Attorney General can pursue civil actions and impose penalties for violations of the event contract trading ban, and foreign boards of trade must report violations to the Commission.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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