Torres introduced the Campaign Funds Integrity Act of 2026 to prohibit candidates and political committees from using campaign funds in prediction markets or event contracts.
Prohibit candidates and political committees from using campaign funds in prediction markets or event contracts.
Occurrences
introduced the Campaign Funds Integrity Act of 2026, legislation that would prohibit candidates, authorized committees, and other political committees from using campaign funds to participate in prediction markets or event contracts
introduced the Campaign Funds Integrity Act of 2026, legislation that would prohibit candidates, authorized committees, and other political committees from using campaign funds to participate in prediction markets or event contracts
Rep. Ritchie Torres Introduces the Campaign Funds Integrity Act of 2026. Legislation Would Ban Use of Campaign Funds in Prediction Markets.
Evidence
legacy_unverified · Source version not recorded · locator unknown
The press release says Torres introduced the Campaign Funds Integrity Act of 2026, which would prohibit candidates, authorized committees, and other political committees from using campaign funds to participate in prediction markets or event contracts and would amend FECA Section 324.
legacy_unverified · Source version not recorded · locator unknown
Congress.gov shows Torres introduced H.R. 7004 on January 9, 2026, titled the Public Integrity in Financial Prediction Markets Act of 2026, and the bill text includes a prohibition on covered individuals engaging in covered transactions involving prediction market contracts tied to government policy, government action, or political outcome.
legacy_unverified · Source version not recorded · locator unknown
LegiScan lists H.R. 8912, the Campaign Funds Integrity Act of 2026, sponsored by Rep. Ritchie Torres, with status 'Introduced' and latest action on 2026-05-19: referred to the House Committee on House Administration; its summary is 'To prohibit the use of campaign funds for prediction-market transactions, and for other purposes.'
legacy_unverified · Source version not recorded · locator unknown
The Office of the Law Revision Counsel page says the text contains laws in effect on July 29, 2026. Section 30114 permits campaign contributions to be used for authorized campaign expenditures, officeholder expenses, charitable contributions, party transfers, state/local candidate donations, or any other lawful purpose unless personal use; its prohibited-use subsection bars conversion to personal use and its listed restriction addresses noncommercial aircraft, not prediction markets or event contracts.
Assessments
Torres introduced directly relevant federal legislation, the Campaign Funds Integrity Act of 2026, to prohibit candidates and political committees from using campaign funds for prediction-market or event-contract transactions. However, the bill is only introduced and referred to committee, and current federal campaign finance law does not yet include the promised prohibition. Because Torres remains in office and the legislation has not been finally defeated or enacted, the promise is unresolved rather than delivered or never fulfilled.
Torres has materially advanced the promised policy in the same federal term by introducing the Campaign Funds Integrity Act of 2026, which directly targets use of campaign funds in prediction markets or event contracts. However, the evidence shows introduction only, not passage or enactment, so the promised prohibition has not yet been delivered. Because the legislation appears pending rather than finally failed, the correct outcome is unresolved rather than never.