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119th Congress · Senate bill · Last action Apr 30, 2026
Bills›Finance and Financial Sector›S. 4469Congress.gov ↗
S. 4469In CommitteeFinance and Financial Sector

Prediction Market Act of 2026

Sponsor: Sen. McCormick, David (R-PA)3 cosponsorsIntroduced Apr 30, 2026
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In plain English

The bill establishes new regulations for prediction markets (contracts betting on future events) overseen by the Commodity Futures Trading Commission, including special trading rules for event contracts and provisions addressing insider trading and market manipulation in these markets. It creates an innovation advisory committee to study prediction market development and requires studies on various aspects of the prediction market industry. The bill also authorizes appropriations to fund event contract regulation and oversight. Sponsored by Sen. David McCormick [R-PA], the bill was referred to the Committee on Agriculture, Nutrition, and Forestry.

What’s in the bill (5 sections)
  • Sec. 2. Special rules relating to event contracts
  • Sec. 3. Insider trading and manipulation
  • Sec. 4. Innovation advisory committee
  • Sec. 5. Studies
  • Sec. 6. Authorization of appropriations; funding for event contract
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →

Where it is in the process

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Introduced
Apr 30
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Senate committee
Apr 30
3
Senate floor
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4
House
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the Senate floor.

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Sponsor

Cosponsors (3)

KS
BS
JS
2 Democrats, 1 Republican (of 3 shown).

Activity timeline

Apr 30
Apr 30
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Apr 30
Apr 30
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Read full text →

Full action log

All 2 recorded actions since introduction · Source: Congress.gov
Apr 30
SENATERead twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Apr 30
Introduced in Senate

All 3 cosponsors

2 Democrats · 1 Republican
Democrats (2)
Republicans (1)
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