Senate advances twin bills barring executive officials from prediction market trades
The U.S. Senate advanced two bills restricting prediction market trading by executive branch officials: the Prediction Markets Act of 2026 and the End Prediction Market Corruption (EPMC) Act. The legislation prohibits executive branch officials from trading on prediction markets amid public controversy over insider trading concerns. The Senate action carries symbolic weight but leaves constitutional questions unresolved about the scope of legislative power over these markets. Neither bill specifies which prediction platforms fall under the restrictions or details enforcement mechanisms. The move comes as prediction markets face intensifying scrutiny from multiple government branches.
Exposes Kalshi, Polymarket and PredictIt to a new compliance layer they never built for: verifying trader identity against federal employment databases, with no 90-day grace period written into either bill.