Contact Congress about H.R. 8148: Prediction Market RISK Act

Federal regulators could more clearly police illegal trading on prediction markets. The bill says existing anti-fraud and anti-manipulation rules apply when people trade contracts tied to future events.

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.

Prediction Market RISK Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Agriculture.

Latest action on H.R. 8148: Referred to the House Committee on Agriculture.

Who this affects: This bill mainly affects prediction market platforms and people who trade on them. It could also matter to researchers, smaller market operators, and companies building event-based trading tools. The CFTC would have clearer authority to police illegal conduct in these markets.

Why this matters: Prediction markets are growing, but the rules around them can be unclear. This bill would make it clearer that the CFTC can police illegal trading in these markets. That could help stop fraud and manipulation. It could also raise costs or legal risk for platforms that are not built like traditional financial markets.

Key provisions in H.R. 8148

• A prediction market contract would mean a financial product tied to a future event. It can depend on whether that event happens or does not happen.
• The bill covers contracts offered by platforms that do business across state lines. That includes market contracts based on future events.
• One current commodities law rule would apply to prediction market contracts. That rule lets the CFTC allow some contracts with limits or conditions.
• Another current commodities law rule would also apply. That rule lets the CFTC go after fraud and market manipulation.
• The bill says these rules apply to illegal trading tied to prediction market contracts. This confirms the CFTC can police banned conduct in these markets.

How Modern Action helps you take action on H.R. 8148

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. 8148

What is H.R. 8148?

Federal regulators could more clearly police illegal trading on prediction markets. The bill says existing anti-fraud and anti-manipulation rules apply when people trade contracts tied to future events.

How do I support or oppose H.R. 8148?

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. 8148?

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. 8148 before I act?

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