US lawmakers have introduced the Public Integrity in Financial Prediction Markets Act of 2026, aiming to prevent government officials from using insider information to profit from prediction market contracts. The bipartisan bill, unveiled by lawmakers Todd Young, Elissa Slotkin, John Curtis, and Adam Schiff, seeks to impose fines up to double the profits made from such activities. It targets government executives, including the president, vice president, and members of Congress, as well as political appointees and agency employees. The bill defines insider information as non-public data that a reasonable investor would consider important for decision-making in prediction markets. It mandates that government officials report any contract wagers over $250 within 30 days, detailing transaction specifics. This legislation follows the introduction of the PREDICT Act earlier this week, which also aims to curb insider trading in prediction markets related to political events and policy decisions.