The proposed legislation introduces strict transparency rules, requiring government officials to report any prediction market trades over $250 within 30 days. These disclosures would include detailed information such as contract type, price, platform used, and profits or losses.

The goal is to increase accountability and reduce the risk of officials benefiting from privileged information. Violations could result in penalties of at least $500 or twice the profit gained, signaling a tougher stance on ethical conduct in emerging financial markets.