The STOP Corrupt Bets Act of 2026 amends federal commodity trading laws to prohibit prediction markets from offering contracts based on political elections, government actions, sporting events, and military operations. The bill affects registered commodity exchanges and trading platforms by requiring them to stop listing or clearing these types of contracts, though it allows an exception for hedging arrangements that mitigate genuine commercial risk as determined by federal regulators. The legislation also directs the Government Accountability Office to complete a study within 60 days of enactment examining insider trading concerns in prediction markets, the impact on young adults aged 18-20, and ways Congress can address illegal activities in both domestic and foreign prediction markets. The bill includes a statement that nothing in it preempts existing state gambling laws, preserving states' authority to regulate gaming independently.
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