Contact Congress about H.Res. 1263: Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets.

House Members and staff could not make or offer certain prediction market deals. The ban would cover event-based contracts, but not normal insurance with a real legal insurance interest. The resolution asks the executive and judicial branches to consider similar rules, but it cannot require them.

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Amending the Rules of the House of Representatives to prohibit Members of the House from entering into certain agreements, contracts, or transactions with respect to prediction markets. is a House bill in committee. The latest recorded action: Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Latest action on H.Res. 1263: Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Who this affects: This bill mainly affects people who work in the House and might use prediction markets. That includes elected House Members and many non-elected House workers. It could also affect prediction market platforms and brokers that deal with House officials. The public would not have new duties, but the bill is aimed at trust in government decisions.

Why this matters: This matters because House officials may help shape events that prediction markets bet on. The bill tries to stop them from having money tied to those outcomes. It could make the House’s ethics rules clearer and easier to follow. It may also affect public trust, though the text does not prove how much trust would change.

Key provisions in H.Res. 1263

• Adds a new ethics rule to the House Code of Official Conduct. It would become clause 22 of Rule XXIII.
• House Members, Delegates, the Resident Commissioner, House officers, and House employees could not make or offer covered event-based deals. The ban covers agreements, contracts, swaps, and transactions involving an “excluded commodity” when payment depends on a specific event or condition.
• Uses the Commodity Exchange Act’s definition of “excluded commodity.” That definition appears in section 1a of the law, listed as 7 U.S.C. 1a.
• Normal insurance would still be allowed when the insured person has a lawful insurable interest. That means the person has a real legal reason to insure the thing or person covered.
• The House would formally urge the executive and judicial branches to adopt similar prediction market limits. This is called a “sense of the House,” meaning an official statement of the House’s view.

How Modern Action helps you take action on H.Res. 1263

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.Res. 1263

What is H.Res. 1263?

House Members and staff could not make or offer certain prediction market deals. The ban would cover event-based contracts, but not normal insurance with a real legal insurance interest. The resolution asks the executive and judicial branches to consider similar rules, but it cannot require them.

How do I support or oppose H.Res. 1263?

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.Res. 1263?

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Can Modern Action explain H.Res. 1263 before I act?

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