Referred to the House Committee on House Administration.
Summary
The bill stops candidates, authorized committees, and political committees from spending campaign contributions on prediction markets or any contract whose payoff depends on election, legislative, regulatory, or other political outcomes. Violations can bring civil penalties and, for knowing and willful breaches, criminal fines or up to five years in prison, with the Federal Election Commission required to issue implementing rules. It aims to keep campaign finances focused on legitimate political activity.
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