Contact Congress about H.R. 8123: STOP Corrupt Bets Act of 2026

Many prediction-market bets could no longer trade on federally regulated platforms. The CFTC could allow some government-action contracts only when businesses use them to manage real risk.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

STOP Corrupt Bets Act of 2026 is a House bill in committee. The latest recorded action: Referred to the House Committee on Agriculture.

Latest action on H.R. 8123: Referred to the House Committee on Agriculture.

Who this affects: This bill mainly affects prediction-market companies, registered trading platforms, and people who trade event contracts. It could remove many election, sports, military, and government-action contracts from regulated U.S. platforms. Businesses that use some government-action contracts to manage real risk may still have a path forward if the CFTC allows it.

Why this matters: This bill matters because it could move many prediction-market bets off regulated U.S. platforms. Supporters may see that as a way to reduce gambling and prevent people from profiting from inside knowledge. Critics may worry it would weaken useful forecasting tools or push trading to foreign or unregulated sites. The full effect would depend on CFTC rules and any later laws Congress writes after the GAO study.

Key provisions in H.R. 8123

• Registered platforms could not offer contracts based on political elections or contests. The ban covers listing, clearing, or trading those agreements, contracts, transactions, or swaps.
• The same ban would apply to several other event types. It covers U.S. executive, legislative, or court actions, sports contests, and military actions by the United States or any foreign country.
• The bill would also block indirect bets on those events. That includes any related index, measure, value, data point, or condition tied to them.
• The CFTC could allow some contracts tied to government actions. It could do that by rule or regulation only when the contracts help hedge, or reduce, commercial risk.
• The bill says the CFTC should keep gambling-like contracts off registered platforms. That applies when a contract does not help hedge or reduce commercial risk.

How Modern Action helps you take action on H.R. 8123

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 8123

What is H.R. 8123?

Many prediction-market bets could no longer trade on federally regulated platforms. The CFTC could allow some government-action contracts only when businesses use them to manage real risk.

How do I support or oppose H.R. 8123?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 8123?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 8123 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.