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Honesty and Trust in Service Act
To prohibit the use of prediction markets by Department of Defense personnel, and for other purposes.
Summary
This bill requires the Secretary of Defense to issue regulations prohibiting military members and Department of Defense civilian employees from trading on prediction markets using material nonpublic information. The prohibition applies when personnel possess nonpublic information relevant to the transaction or could reasonably obtain such information through their official duties. Material nonpublic information is defined as information that a reasonable investor would consider important in making investment decisions and is not publicly available. The regulations must specify a range of punishments for violations. The Secretary of Defense has 180 days from enactment to issue the regulations, which would apply to all five branches of the armed forces and DoD civilians.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- May 29, 2026 Referred to the House Committee on Armed Services. · house
- May 29, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 29, 2026
Mr. Vindman introduced the following bill; which was referred to the Committee on Armed Services
A BILL
To prohibit the use of prediction markets by Department of Defense personnel, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Honesty and Trust in Service Act”.
SEC. 2. PROHIBITION ON USE OF PREDICTION MARKETS BY PERSONNEL OF THE DEPARTMENT OF DEFENSE.
(a) Regulations Required.—Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense, in consultation with the Secretaries of the military departments, shall issue regulations prohibiting members of the covered Armed Forces and civilian employees of the Department of Defense from entering into transactions on prediction markets in cases in which the member or employee—
(1) at the time of the transaction, possesses material nonpublic information relevant to such transaction; or
(2) may reasonably obtain such material nonpublic information in the course of performing official duties, including when such information would not otherwise be available to a member of the public exercising reasonable diligence.
(b) Enforcement.—The regulations under subsection (a) shall specify a range of punishments for the use of prediction markets in violation of the regulations.
(c) Definitions.—In this section:
(1) The term “covered Armed Forces” means the Army, Navy, Air Force, Marine Corps, and Space Force.
(2) The term “material nonpublic information” means information—
(A) that a reasonable investor would consider important in making an investment decision; and
(B) that is not publicly available. <all>
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