Warren, Merkley, 40+ Lawmakers Push Regulators to Address Illegal Insider Trading in Prediction Markets ... [they] wrote to the Commodity Futures Trading Commission (CFTC) and the Office of Government Ethics (OGE) urging the agencies to address illegal insider trading in prediction markets by federal employees.
Urge federal regulators to address illegal insider trading in prediction markets by federal employees.
Occurrences
Evidence
U.S. Senator Elizabeth Warren, along with Senators Amy Klobuchar, Jeff Merkley, Representative Maxine Waters, Representative Angie Craig, and 37 other lawmakers, wrote to the Commodity Futures Trading Commission (CFTC) and the Office of Government Ethics (OGE) urging the agencies to address illegal insider trading in prediction markets by federal employees.
Senators Jeff Merkley and Amy Klobuchar introduced the End Prediction Market Corruption Act to ban the President, Vice President, Members of Congress, and other public officials from trading event contracts, aiming to prevent insider trading in prediction markets.
Rep. Jamie Raskin and Senator Jeff Merkley introduced the STOP Corrupt Bets Act to ban prediction market betting on elections, government actions, sports, and military actions, aiming to prevent corruption and insider trading.
Senators Todd Young, Elissa Slotkin, John Curtis, and Adam Schiff introduced the Public Integrity in Financial Prediction Markets Act of 2026 to prohibit federally elected officials and government employees from using insider information to bet on prediction market contracts.
GovInfo shows Sen. Jeff Merkley introduced S. 4226, the Stop Trading On Predictions and Corrupt Bets Act of 2026, which would amend the Commodity Exchange Act to prohibit certain event contracts on prediction markets; the bill was read twice and referred to the Senate Agriculture Committee.
Merkley and colleagues pressed the CFTC to issue rules that prevent insider trading and corruption in prediction markets and asked the agency to preserve the statute's intent by restricting contracts tied to elections, war, sports, and government actions without a valid hedging purpose.
Assessments
Merkley directly urged federal regulators (CFTC and OGE) to address illegal insider trading in prediction markets, and he also co-sponsored/intoduced related legislation targeting the same problem. That matches the promise as stated, which is about pressing regulators to act, not requiring a final regulatory rule or enforcement outcome.
Multiple pieces of evidence confirm that Senator Merkley directly urged federal regulators and introduced/co-sponsored legislation to address illegal insider trading in prediction markets by federal employees, precisely matching the promise. Efforts included public letters to regulators and the introduction of several relevant bills in the same Senate term.
Senator Jeff Merkley not only urged federal regulators to address illegal insider trading in prediction markets by federal employees via a public letter (fulfilling the precise wording of the promise), but also introduced and co-sponsored related legislation aimed directly at preventing such activities. These executive and legislative actions clearly meet and exceed the original promise to 'urge' federal regulators.
Senator Jeff Merkley not only urged federal regulators to address illegal insider trading in prediction markets by federal employees, fulfilling the explicit campaign promise, but also introduced and supported multiple pieces of legislation targeting this exact issue. The evidence demonstrates direct action in the form of public letters to regulators and multiple bill introductions, all within the same term. There is strong, consistent evidence of both advocacy and legislative efforts directly aligned with the promise's content.