The STOP Corrupt Bets Act of 2026 amends federal commodity trading law to prohibit prediction markets from offering contracts based on political elections, government actions, sports events, and military operations. The bill prevents registered trading exchanges from listing or clearing these types of bets, though it creates an exception for legitimate business hedging related to government actions. The legislation affects anyone seeking to trade on these events through regulated exchanges, as well as the financial platforms that currently offer such contracts. The bill also directs the Government Accountability Office to conduct a study within 60 days on prediction markets, including insider trading risks and impacts on young adults, and to recommend ways Congress can address illegal activities in these markets both domestically and internationally.
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