Prediction Markets Are Gambling Act

This bill would change the Commodity Exchange Act to ban registered trading entities from listing, clearing, or offering for trade any contract tied to a sporting event, athletic competition, or casino-style game. It defines sporting events to include live or virtual amateur, college, and professional contests, and defines casino-style games to include slots, poker, blackjack, roulette, craps, bingo, lottery, and simulations of these games. The bill states that it does not override any state law that regulates or bans such contracts. The ban would apply to contracts entered into on or after the date the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Steven Horsford Democrat sponsor
• 3 cosponsors