1. United States
2. Fla.
3. Letter

Please ask that the PREDICT Act be brought to the floor for a vote - and vote to approve it!! The Preventing Real-time Exploitation and Deceptive Insider Congressional Trading (PREDICT) Act, introduced in March 2026 by Reps. Nikki Budzinski and Adrian Smith, is a bipartisan bill aiming to ban members of Congress, the president, vice president, senior officials, and their families from trading on political event prediction markets. Representative Adrian Smith | (.gov) Representative Adrian Smith ---Key details of the legislation include: Purpose: Prohibit federal officials from using nonpublic information to profit from prediction markets (e.g., Kalshi or Polymarket) tied to elections, policy decisions, and government actions. Scope: Extends to members of Congress, the President/Vice President, political appointees, and their spouses or dependent children. Penalties: Violators would be required to pay a fine equal to 10% of the transaction amount and disgorge any profits made to the U.S. Treasury. Context: The bill addresses growing concerns over potential conflicts of interest, insider trading, and ethics in the emerging unregulated prediction market industry. Representative Adrian Smith | (.gov) Representative Adrian Smith