U.S. Senators John Curtis, Elissa Slotkin, Todd Young, and Adam Schiff introduced the bipartisan Public Integrity in Financial Prediction Markets Act of 2026 on Mar. 26. The proposed legislation would prohibit federally elected officials and government employees from using insider information to bet on prediction market contracts.
The bill addresses concerns that public servants could use confidential information for personal gain through event contracts on prediction markets. Lawmakers say this measure aims to ensure integrity in government and prevent any exploitation of sensitive knowledge acquired through official duties.
“Public service should not be a pathway to private gain,” said Senator John Curtis. “Our bipartisan legislation ensures that insider trading rules apply to prediction markets and removes any ambiguity in how those rules are enforced—underscoring a basic expectation that those entrusted with sensitive information cannot use it for personal profit.” Senator Elissa Slotkin said, “No one should be profiting off the information and knowledge gained as a public servant, period. This bill is an important first step in placing common sense rules around prediction markets, and it has real teeth to ensure those who break these rules face real consequences. I am proud of our bipartisan coalition, and I thank Senators Young, Schiff and Curtis for working with me to move this important bill forward.” Senator Todd Young added: “Public service should never be a pathway to personal profit based on insider information. Recent activity in prediction markets has raised real concerns that individuals with access to sensitive, nonpublic information could exploit that advantage for financial gain. Our bill will prohibit elected officials, staff, and executive branch employees from trading prediction market event contracts based on information acquired as part of their official duties. This is a sensible step to protect taxpayers and promote integrity in government.” Senator Adam Schiff said: “The prediction markets industry can’t be left alone to self-police. That’s why we need strong rules to protect against elected officials exploiting insider information to profit on prediction markets. I’m proud to join this bipartisan effort to crack down on this insidious form of insider trading.”
Curtis serves as Utah’s senator after two terms as mayor of Provo according to his official website. He also founded the Conservative Climate Caucus according to the same source.
Curtis ranks among the most effective Republican members of Congress according to his official website. In addition, he serves on multiple committees advocating conservative environmental solutions while supporting small businesses; he has passed significant legislation addressing public land management and human trafficking according to his official website.
He raises six children with his wife Sue; together they have seventeen grandchildren according to his official website.
The full text of the Public Integrity in Financial Prediction Markets Act of 2026 is available online.
