Bars Members of Congress, their spouses, and dependent children from entering prediction market contracts that depend on government policies, government actions, political outcomes, or events learned through congressional service, and sets fees for violations.

• Covers Members of Congress, their spouses, and their dependent children, and applies whether or not the event relates to the Member's congressional duties.
• Sets a violation fee equal to the greater of $2,000 or 10 percent of the contract's value, plus any net gain from the contract.
• Prohibits paying the fee from the Members' Representational Allowance, the Senators' Official Personnel and Office Expense Account, or campaign contributions and other donations.
• Deposits collected fees in the general fund of the Treasury and lets the supervising ethics office refer a former Member who resigns or retires before paying to the Department of Justice.
• Takes effect 180 days after enactment.

• Committee on House Administration (House)

Government Operations and Politics