U.S. Senators Elissa Slotkin (D-MI), Todd Young (R-IN), Adam Schiff (D-CA) and John Curtis (R-UT) today introduced the bipartisan Public Integrity in Financial Predictions Act to prevent insider trading by government officials on prediction markets.
Prevent insider trading by government officials on prediction markets.
Occurrences
On March 27, 2026, Senator Adam Schiff (D-CA) joined Senators Elissa Slotkin (D-MI), Todd Young (R-IN), and John Curtis (R-UT) in introducing the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. The legislation aims to prevent government officials from exploiting insider information in prediction markets.
"This bill is an important first step in placing common sense rules around prediction markets, and it has real teeth to ensure those who break these rules face real consequences. I am proud of our bipartisan coalition, and I thank Senators Young, Schiff and Curtis for working with me to move this important bill forward."
Young, Slotkin Lead Bipartisan Bill to Stop Insider Trading from Government Officials on Prediction Markets...The bill prohibits federally elected officials and government employees from using insider information to bet on a prediction market contract...This legislation would ban them from using non-material public information of any kind on any event contract...This bill is an important first step in placing common sense rules around prediction markets, and it has real teeth to ensure those who break these rules face real consequences.
provide the Office of Government Ethics funding to crack down on insider trading in prediction markets
Evidence
On March 26, 2026, Senators Elissa Slotkin (D-MI) and Todd Young (R-IN), along with Senators John Curtis (R-UT) and Adam Schiff (D-CA), introduced the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. The bill aims to prohibit federally elected officials and government employees from using insider information to bet on prediction market contracts.
The Public Integrity in Financial Prediction Markets Act of 2026, introduced by Senators Slotkin, Young, Curtis, and Schiff, seeks to ban federally elected officials and government employees from using insider information to engage in prediction market contracts. The bill outlines penalties and enforcement mechanisms to uphold integrity in government.
On March 27, 2026, Senator Adam Schiff (D-CA) joined Senators Elissa Slotkin (D-MI), Todd Young (R-IN), and John Curtis (R-UT) in introducing the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. The legislation aims to prevent government officials from exploiting insider information in prediction markets.
On March 26, 2026, Senators John Curtis (R-UT), Elissa Slotkin (D-MI), Todd Young (R-IN), and Adam Schiff (D-CA) introduced the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. The bill seeks to prohibit federally elected officials and government employees from using insider information to bet on prediction market contracts.
On March 27, 2026, Senator Adam Schiff (D-CA) joined Senators Elissa Slotkin (D-MI), Todd Young (R-IN), and John Curtis (R-UT) to introduce the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. The legislation aims to prohibit federally elected officials and government employees from using insider information to bet on prediction market contracts.
On April 22, 2026, prediction market platform Kalshi fined and suspended three congressional candidates for five years for betting on their own election outcomes. The candidates involved were independent Mark Moran (Virginia Senate race), Republican Ezekiel Enriquez (Texas House race), and Democrat Matt Klein (Minnesota House race).
On January 12, 2026, Senator Elissa Slotkin (D-MI) joined eleven of her Senate colleagues in demanding answers from the Trump Administration's Commodity Futures Trading Commission (CFTC) Chair Michael Selig on plans to combat insider trading, manipulation, and fraud in prediction markets.
On March 30, 2026, Senator Mark R. Warner (D-VA) and over 40 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.
On March 5, 2026, Senators Jeff Merkley (D-OR) and Amy Klobuchar (D-MN) introduced the End Prediction Market Corruption Act, a bill to ban the President, Vice President, Members of Congress, and other public officials from trading event contracts to prevent insider trading.
On March 26, 2026, Senator Jeff Merkley (D-OR) and Representative Jamie Raskin (D-MD) introduced the STOP Corrupt Bets Act to ban betting through prediction markets on elections, government actions, sports, and military actions to prevent corruption.
Mar 26, 2026 | Press Release. U.S. Senators Elissa Slotkin, Todd Young, Adam Schiff and John Curtis today introduced the bipartisan Public Integrity in Financial Predications Markets Act of 2026. The bill prohibits federally elected officials and government employees from using insider information to bet on a prediction market contract.
Tracker: Tip. This bill has the status Introduced. Latest Action: House - 01/09/2026 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker.
Shown Here: Introduced in House (01/09/2026). The bill text begins: 'To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes.'
Tracker: Tip | This bill has the status Introduced. Latest Action: House - 01/09/2026 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker...
Senators Elissa Slotkin, Todd Young, Adam Schiff and John Curtis today introduced the bipartisan Public Integrity in Financial Predications Markets Act of 2026. The bill prohibits federally elected officials and government employees from using insider information to bet on a prediction market contract.
During the DHS reconciliation bill markup, committee Republicans blocked all of Senator Elissa Slotkin’s amendments, including the amendment to tackle insider trading in prediction markets. The release says the amendment would provide the Office of Government Ethics the funding it needs to crack down on insider trading in prediction markets.
Senators Slotkin and colleagues said the Office of Government Ethics top post had been vacant for months, that no one was serving in an acting role, and that without an acting or permanent director OGE is unable to function as Congress intended.
Assessments
Slotkin materially pursued the promise in her federal Senate role by co-introducing the bipartisan Public Integrity in Financial Prediction Markets Act of 2026 and backing related oversight and amendment efforts. However, the evidence shows the bill remained introduced/referred and a later DHS markup amendment was blocked, with no enacted federal prohibition or completed enforcement regime preventing insider trading by government officials on prediction markets. Because there was a serious legislative attempt but the promised outcome was not delivered, this is a failed delivery with effort credit.
Slotkin materially advanced the promise during her current federal term by co-introducing the bipartisan Public Integrity in Financial Prediction Markets Act of 2026 and pressing regulators to address insider trading in prediction markets. However, the evidence shows only introduction, referral, and advocacy, with no enacted federal prohibition or completed regulatory outcome preventing government officials from insider trading on prediction markets. Because there was a serious legislative and oversight attempt but the promised outcome was not delivered, this should be scored as never with an effort badge.
Slotkin materially advanced the promise during her current federal term by co-introducing the bipartisan Public Integrity in Financial Prediction Markets Act of 2026 and pressing regulators on insider trading in prediction markets. However, the evidence shows only introduction, referral, and advocacy; it does not show enactment, final agency action, or another completed federal prohibition preventing government officials from insider trading on prediction markets. Because there was a serious legislative and oversight attempt but the promised outcome was not delivered, this is a failed delivery with an effort badge.
Senator Elissa Slotkin co-introduced the bipartisan Public Integrity in Financial Prediction Markets Act of 2026, directly addressing the promise. However, there is no evidence that the bill was passed into law. Additional efforts included public urging of regulatory bodies and participation in letters to agencies. While Slotkin made a significant legislative attempt, the outcome has not been realized during the term.
Senator Slotkin co-introduced bipartisan legislation to prevent insider trading by government officials on prediction markets during her term. However, there is no evidence provided that the bill passed or became law; the actions referenced are limited to bill introduction. While this demonstrates a serious legislative attempt, the promise was not delivered as the policy outcome (enactment) was not achieved.