REVEAL Act

The REVEAL Act prohibits federal officials, including Members of Congress, the President, and political appointees, from trading on prediction markets or directly owning most stocks, commodities, and derivatives while in office. To comply with these restrictions, covered individuals must divest their existing financial assets within 180 days of the law's enactment or 90 days after assuming a new position, though certain exceptions apply for diversified funds, government bonds, and specific family trusts. The bill establishes a penalty system that requires violators to pay a fee equal to 10 percent of the transaction value and disgorge any profits earned from prohibited trades. These penalties must be paid from personal funds rather than official government accounts, and ethics offices are required to publicly publish details about each fine assessed.