SENATORS GILLIBRAND AND MCCORMICK INTRODUCE BIPARTISAN BILL TO STOP POLITICIANS FROM PROFITING OFF INSIDER INFORMATION AND PROTECT CONSUMERS IN PREDICTION MARKETS

WASHINGTON, April 30 -- Sen. Kirsten Gillibrand issued the following press release:

U.S. Senators Kirsten Gillibrand (D-NY) and Dave McCormick (R-PA) today introduced the Prediction Market Act of 2026, landmark bipartisan legislation that establishes regulatory clarity, stops Washington politicians from using non-public information to enrich themselves, and protects consumers from fraud in the rapidly growing prediction market sector.

Recent polling by Navigator shows that a majority of Americans support banning officials with insider information from trading event contracts tied to government actions - including war, legislation, and other consequential decisions.

Senator Gillibrand's regulatory framework puts regular Americans first by...