STOP Corrupt Bets Act of 2026

The STOP Corrupt Bets Act of 2026 prohibits the trading of contracts based on political elections, government actions, sporting events, and military operations on regulated exchanges. This restriction applies to agreements, transactions, or swaps involving these topics unless they are used for legitimate hedging or commercial risk mitigation. The bill directs the Comptroller General to study prediction markets, including issues like insider trading and impacts on young adults, and submit findings to Congress within 60 days of enactment. It also clarifies that the law does not override state gambling regulations.