Rep. Don Davis introduced H.R. 10732 on October 5, 2026, proposing restrictions on prediction-market trades tied to federal candidates’ own elections. The bill has not been enacted: a legislative tracker reports that it was referred to the House Committee on House Administration. News coverage says the proposal would also cover candidates’ spouses, dependent children and authorized campaign committees.
What H.R. 10732 would do
The Block identifies the proposal’s reported short title as the No Betting on Your Own Race Act. Its account says the measure would prohibit federal candidates, their spouses, dependent children and authorized campaign committees from trading prediction contracts tied to the candidate’s own election. That is a secondary description, not a substitute for the introduced bill text, so the precise definitions and scope have not been independently confirmed.
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The Block also reports a civil penalty of $10,000 or three times the net financial gain, whichever is greater. Because the bill text was not available in the records reviewed, this should be understood as the outlet’s summary of a proposed penalty—not verified statutory language. The available information does not establish the proposal’s exceptions, enforcement authority, procedures or effective date.
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VoteWire’s record lists H.R. 10732 as introduced by Donald G. Davis, a Democrat representing North Carolina, on October 5, 2026, and referred to the House Committee on House Administration. Referral is an early legislative step; it does not mean the committee or either chamber has approved the bill. VoteWire also reported that a Congressional Research Service plain-English summary was not yet available.
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On the available record, this is a proposal, not an enacted federal ban. The bill’s later progress or final outcome is not established by the sources cited here.
How the proposal differs from existing platform rules
Prediction-market platform rules and federal law are separate. The Associated Press reported in April 2026 that Kalshi fined and suspended three congressional candidates for wagering on their own election outcomes. Those were platform actions, not enforcement actions by the Commodity Futures Trading Commission.
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In September 2026, the AP also reported that platforms said their insider-trading protections prohibit candidates and campaign staff from trading on their own races. The same coverage described election administrators’ concerns that market activity and financial incentives could affect public confidence. Those are attributed positions; the reporting does not establish that trading changes election results.
How it compares with other congressional proposals
H.R. 10732 is narrower in its reported focus than other measures described in the available sources: it concerns contracts tied to a covered candidate’s own federal election. It should not be confused with proposals covering broader political outcomes or a wider set of officials.
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| Measure | Reported scope | Known status or limits |
|---|---|---|
| H.R. 10732, No Betting on Your Own Race Act | Federal candidates, their spouses, dependent children and authorized campaign committees; prediction contracts tied to the candidate’s own election, according to The Block. | Introduced October 5, 2026, and referred to House Administration, according to VoteWire. The Block reports a civil penalty of $10,000 or three times net financial gain, whichever is greater; exact text and mechanics are unverified. |
| Separate legislation announced by House Administration Chairman Bryan Steil in June 2026 | Members of Congress, their spouses and dependent children; prediction-market wagers on specified government policies, government actions or political outcomes, according to the committee announcement. | The announcement describes a separate measure. The cited source does not establish its subsequent legislative status or penalty details. |
| H.R. 10199, described in the August 31, 2026 Congressional Record | The President, Vice President, Members of Congress, senior federal officials, spouses and dependents; stocks, digital assets and prediction-market contracts. | A separate bill with broader reported coverage. The cited record description does not establish its subsequent status or specific enforcement details. |
What remains uncertain
The available coverage does not establish the bill’s full legal language. In particular, it does not confirm how the bill defines a prediction contract or covered candidate, whether exceptions apply, who would enforce the restriction, how a penalty would be calculated, or when any restriction would take effect. Those details should not be inferred from a news summary.
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