Prediction Market RISK Act

This bill defines a "prediction market contract" as any financial instrument, contract, or derivative offered by a platform in interstate commerce that is tied to whether a future event happens. It states that existing sections of the Commodity Exchange Act covering prohibited trading practices apply to illegal trading involving these contracts. This affirms the Commodity Futures Trading Commission's authority to enforce rules against prohibited trading on prediction markets.

Full text and official record on Congress.gov

Sponsors

• Seth Moulton Democrat sponsor
• 0 cosponsors