US lawmakers push 14 new bills to regulate prediction markets in 2026
Prediction markets have become a major focus for US lawmakers in 2026. So far, 14 bills targeting these markets have been introduced in Congress. The surge in legislative activity suggests growing concern over their regulation and potential risks. The first bill of the year, the Public Integrity in Financial Prediction Markets Act of 2026, set the tone for stricter oversight. A key moment came when over 40 members of Congress sent a joint letter to regulators. They called on the Commodity Futures Trading Commission (CFTC) and the Office of Government Ethics to tackle insider trading risks in these markets.
Many proposals aim to limit who can trade and what contracts are allowed. Several bills would ban government officials with access to confidential information from participating. Others seek to restrict markets linked to elections, sports, or government decisions. In March alone, 12 prediction market-related bills were put forward. Among them, the BETS OFF Act and the DEATH BETS Act target specific types of controversial contracts. Despite the flurry of activity, none of the bills have yet moved past the committee stage. Observers expect more proposals in the coming months. The steady pace of new legislation signals that lawmakers remain engaged with the issue.
The 14 bills introduced this year reflect a push for tighter controls on prediction markets. While none have advanced so far, the ongoing legislative efforts indicate regulators and policymakers are closely monitoring the sector. Further developments are likely as debates over oversight continue.
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