According to CoinMeta, U.S. congressmen have proposed legislation that would prohibit federal candidates from trading in prediction market contracts related to their own elections, with violators facing fines of at least $10,000. The bill aims to prevent market manipulation and insider trading, ensuring that candidates and their families do not profit from such activities. The legislation also requires the Federal Election Commission to maintain a list of candidates and inform them of their trading restrictions when they apply for federal positions. This proposal remains in effect during the election cycle, although Congress has limited time to act before the elections.