H.R. 10137: No Insider Trading on National Security Act of 2026

This bill would require the Department of Defense’s Inspector General to review and report on complaints about possible insider trading that may have happened during “Operation Epic Fury,” specifically involving prediction markets and energy markets.

What the report would cover

• Deadline: The report would have to be sent to the House and Senate Armed Services Committees by January 1, 2027.

• Scope: It would cover all complaints the Inspector General received about insider trading tied to prediction and energy markets during Operation Epic Fury.

• Required details: The report would include:

  • how many complaints were received;
  • whether the complaints involved members of the armed forces, civilian Defense Department employees, or contractors;
  • what happened with those complaints, including whether they were confirmed and whether any disciplinary or other accountability actions were taken;
  • any patterns or trends the Inspector General found;
  • an assessment of any operational or security risks linked to the conduct described in the complaints; and
  • recommendations for safeguards to help detect, discourage, and reduce similar conduct in the future.

What the bill would not do

• It does not create a new criminal offense in the text provided.

• It does not itself impose new penalties.

• It does not directly regulate prediction markets or energy markets; instead, it requires a government review and report.

Relevant Companies

None found