U.S. House Introduces Bill to Prohibit Members and Families from Betting on Political Prediction Markets

Rep. Brian Stile (R) introduced legislation banning lawmakers and their families from placing bets on prediction markets tied to legislative outcomes, government actions, or election results. As chair of the House appropriations committee, Stile argued the measure prevents elected officials from profiting from information accessible before the public. The bill would impose fines of up to $2,000 or 10% of betting amounts, with penalties escalating for repeat violations. It also prohibits using official office funds, tax reimbursements, or campaign donations to pay fines, with potential civil litigation by the Justice Department for unpaid penalties after retirement.