CONGRESS FOR VOTERS

Seth Moulton (D-MA)

Prediction Market RISK Act

H.R. 8148 · House bill Finance and Financial Sector

A Democratic bill with no cosponsors

Last activity — Referred to the House Committee on Agriculture.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is called the "Prediction Market RISK Act." It aims to reaffirm the authority of the Commodity Futures Trading Commission (CFTC) to enforce rules against prohibited activities on prediction markets. It defines prediction market contracts as financial instruments or derivatives tied to future events. The bill ensures that specific sections of the Commodity Exchange Act apply to illegal trading practices involving these contracts.

Yes

  • Scored +3

    Does this give the federal government more power?

    Reaffirms and clarifies the federal authority of the CFTC over prediction markets.

  • Scored +2

    Does this give people more protection from unfair business practices?

    Increases CFTC authority to prevent illegal trading and insider speculation in prediction markets.

  • Scored +1

    Does this put more rules on large technology companies?

    Increases regulatory oversight for platforms offering prediction market contracts.

The opposite

No question was scored the opposite.