End Prediction Market Corruption Act

This bill, titled the End Prediction Market Corruption Act, would prohibit certain U.S. government officials from trading event contracts, which are financial agreements based on specific occurrences or outcomes. The law directly affects the President, Vice President, Members of Congress, and senior executive branch officials, banning them from buying, selling, or exchanging these contracts entirely or restricting senior officials from trading contracts related to matters they personally handle in their official capacity. To enforce these rules, the bill establishes civil penalties of up to $10,000 per violation plus any profits gained from prohibited trades, requires foreign trading platforms to report violations, and mandates annual financial disclosure reports from covered officials detailing any event contract transactions. Additionally, the bill directs the Commodity Futures Trading Commission to create rules preventing the misuse of nonpublic information for profit through event contract trading.