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June 18, 2026
Rep. Bryan Steil Introduces Bill to Ban Congressional Betting on Political Prediction Markets with Fines
- Rep. Bryan Steil's bill prohibits Congress members and their families from betting on political prediction markets, with fines starting at $2,000 for violations.
- The bill is introduced amid concerns over insider trading, highlighted by recent federal charges against a soldier for using confidential information on prediction markets.
- Lawmakers can still engage in betting on non-political events, such as sports, under the proposed legislation.
2 Sources
- GOP Rep. Steil pushes bill curbing members of Congress from prediction market bettingJun 18, 2026 at 2:30 PM · CNBC
- Steil pushes bill to ban lawmakers from political prediction marketsJun 18, 2026 at 6:47 PM · Politico