119 HR 8148 IH: Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act U.S. House of Representatives 2026-03-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 8148IN THE HOUSE OF REPRESENTATIVESMarch 27, 2026Mr. Moulton introduced the following bill; which was referred to the Committee on AgricultureA BILLTo reaffirm the Commodity Futures Trading Commission’s authority to enforce prohibited activity on prediction markets.

1.

Short title

This Act may be cited as the Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act or the Prediction Market RISK Act.

2.

Definition

The term prediction market contract means any financial instrument, contract, or derivative listed on or offered by a platform engaged in interstate commerce and tied to the occurrence or non-occurrence of a future event, including market-based event contracts.

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CFTC authority to enforce prohibited transactions occurring in relation to a prediction market contract

Section 4(c) and section 6(c) of the Commodity Exchange Act (7 U.S.C. 7a–2(c)) apply to illegal trading practices occurring with relation to a prediction market contract.