This bill, the Campaign Funds Integrity Act of 2026, would add a new section to the Federal Election Campaign Act. It would prohibit candidates, authorized committees, and other political committees from using campaign funds to participate in any prediction market or event contract. The bill defines a prediction market or event contract as any agreement or instrument that pays out based on the outcome of a future event, including political, economic, or regulatory events. Violations would be enforced under existing Federal Election Commission (FEC) procedures for civil penalties. Knowing and willful violations could lead to criminal penalties under current law, which may include fines and up to 5 years imprisonment. The FEC may refer apparent knowing and willful violations to the U.S. Department of Justice for prosecution. The FEC must write regulations to implement the section and provide guidance on permissible instruments and compliance. The bill explicitly says nothing in the section stops campaign funds from being used for deposits in insured banks, investments in diversified mutual funds or exchange-traded funds, or other low-risk financial instruments the FEC permits. The new rules would take effect 120 days after the act becomes law.
No publicly available information on budgetary costs or savings. The bill directs the FEC to promulgate regulations, but it does not specify any funding or estimated administrative costs.
No publicly available information.
No publicly available information.