Top federal officials would face new limits on trading event contracts, which are bets on future events. Some officials would be banned from these trades, and others would have to report them.
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.
End Prediction Market Corruption Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Latest action on S. 4017: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Who this affects: This bill mainly affects top federal officials and their families. It also affects foreign trading platforms that offer event contracts through U.S. commerce. The CFTC and the Attorney General would get new duties to police these trades.
Why this matters: This bill matters because top officials may know or shape events that people can bet on in prediction markets. The bill tries to reduce conflicts of interest and make these trades easier to see. It could also limit how some officials and their families invest. The full effect on prediction markets is not clear from the text.
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.
Keep acting on Modern Action
Compare the broader issue and related bills without leaving Modern Action.
