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CA AB1840
Bill
Status
Introduced
2/11/2026
Primary Sponsor
Kate Sanchez
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AI Summary
- Prohibits state and local government officials, designated employees, and lobbyists from trading prediction market contracts when they possess material nonpublic information related to the transaction
- Covered transactions include contracts speculating on administrative actions, elections, governmental decisions, or legislative actions
- Defines "prediction market contract" as any contract or financial instrument offered by a business entity related to the outcome of future events
- Adds prediction market trading restrictions to existing prohibitions on lobbyist conduct under the Political Reform Act of 1974
- Violations constitute a misdemeanor; requires 2/3 vote of each legislative house to pass as an amendment to the Political Reform Act
Legislative Description
Political Reform Act of 1974: prediction market contracts.
Last Action
Referred to Com. on ELECTIONS.
2/23/2026
Committee Referrals
Elections2/23/2026
Full Bill Text
No bill text available