PREDICT Act Preventing Real-time Exploitation and Deceptive Insider...
To amend chapter 131 of title 5, United States Code, to prohibit covered individuals from trading on prediction markets, and for other purposes.
The PREDICT Act, introduced on March 25, 2026, aims to amend federal laws to prevent specific individuals from engaging in insider trading through prediction markets. The bill targets "covered individuals," who are likely to be government officials and insiders with access to non-public information. By prohibiting them from trading on prediction markets, the PREDICT Act seeks to protect the integrity of financial markets and prevent unfair advantages from insider information.
This bill would affect government officials and insiders who might otherwise use their privileged information to trade in prediction markets. If passed, it would make such activities illegal and could result in penalties for violators. The PREDICT Act is currently in its early stages, having just been introduced and referred to several House committees for further consideration.
The recent legislative history shows that the PREDICT Act was introduced and referred to the Committee on Oversight and Government Reform, along with the House Administration and Judiciary Committees. This step indicates that the bill is now under review by these committees, which will determine the next steps for its progression through the legislative process.
