PREDICT Act

The PREDICT Act prohibits federal government officials, including Members of Congress, their spouses and dependents, high-ranking executive branch employees, and political appointees from trading on prediction markets tied to political events. This restriction applies to any agreement or transaction where payment depends on whether a specific political event occurs, does not occur, or happens to a certain degree. If a covered individual violates this rule, they must pay a 10% fee and forfeit any profits from the transaction, with penalties paid from personal funds rather than government salaries or allowances. The Office of Government Ethics will issue guidance on undefined terms and publish details of any fines on a public website.