Introduced in House — H.R. 8148

119th CONGRESS

2d Session

H. R. 8148

IN THE HOUSE OF REPRESENTATIVES

March 27, 2026

Mr. Moulton introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To reaffirm the Commodity Futures Trading Commission’s authority to enforce prohibited activity on prediction markets.

Section 1. Short title

This Act may be cited as the Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act or the Prediction Market RISK Act.

Sec. 2. Definition

The term prediction market contract means any financial instrument, contract, or derivative listed on or offered by a platform engaged in interstate commerce and tied to the occurrence or non-occurrence of a future event, including market-based event contracts.

Sec. 3. CFTC authority to enforce prohibited transactions occurring in relation to a prediction market contract

Section 4(c) and section 6(c) of the Commodity Exchange Act (7 U.S.C. 7a–2(c)) apply to illegal trading practices occurring with relation to a prediction market contract.