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This bill prohibits federal officials and employees—including the President, Vice President, Members of Congress, congressional staff, political appointees, and executive agency employees—from trading prediction market contracts using material nonpublic information gained from their official positions. Covered individuals must report prediction market transactions exceeding $250 to their supervising ethics office within 30 days, and violators face fines of up to $500 or double the profit made from the transaction, whichever is greater. Supervising ethics offices are required to establish procedures, forms, rules, and guidelines for implementation within 180 days.
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