Rep. Gabe Vasquez Pushes to Ban Public Officials From Insider Trading on Prediction Markets

WASHINGTON, D.C. – On March 12, 2026, U.S. Representative Gabe Vasquez (NM-02) continued his push to hold Washington accountable and cosponsored a bill to ban public officials from insider trading on prediction markets. The Public Integrity in Financial Prediction Markets Act addresses flagrant corruption that allows government employees to use insider information for personal gain on prediction markets. The bill bans the use of prediction markets for any federal employees who may be able to profit from their position and access to government information through betting or trading.

“Enough with the corruption and deception in Washington D.C. Public servants need to get back to serving the public, not advancing their own interests,” said Vasquez. “No government official’s actions should be influenced by personal profit from unregulated prediction markets — that goes against what we stand for as a democracy. I didn’t come to Congress to get rich, and nobody should. This bill restores trust in government and puts Americans first.”

This latest legislative push builds on Rep. Vasquez’s long record of working to hold Washington accountable and protect a safe and fair gaming industry:

• Rep. Vasquez is leading the bipartisan effort to ban members of congress and their families from trading stocks. He introduced H.R. 396, the TRUST in Congress Act to ban this trading and also supported two bipartisan efforts, including a discharge petition to force a vote on the House floor. These efforts continue to be blocked by House Republican leadership.
• Rep. Vasquez recently secured a promise from the Agriculture Committee to address how prediction markets continue to operate unregulated sports betting, violating Tribal sovereignty and taking revenue from New Mexico.
• Vasquez is one of the few Members of Congress that does not own stocks and continues to fight efforts by the D.C. elites to enrich themselves.

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