The Prediction Market RISK Act clarifies that the Commodity Futures Trading Commission (CFTC) has the authority to regulate and enforce rules against illegal trading practices on prediction markets—platforms that allow people to bet on the outcome of future events. The bill applies existing prohibitions on insider trading and manipulative behavior from the Commodity Exchange Act to these prediction market contracts, extending oversight that previously applied mainly to traditional commodity markets. This legislation affects prediction market platforms, traders who use them, and anyone with inside information who might otherwise exploit these markets for unfair advantage. While the bill does not specify new funding or implementation timelines, it essentially reaffirms and clarifies federal regulatory power to prevent people with privileged knowledge from profiting through prediction markets. The bill was introduced by Representative Moulton and referred to the House Agriculture Committee in March 2026.
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