The bill would amend federal commodity trading law to ban prediction markets based on sports events and casino-style games. Specifically, it prohibits registered exchanges from listing, clearing, or trading any contracts tied to sporting events or athletic competitions (including amateur, collegiate, and professional sports) or casino-style games like slots, poker, blackjack, and roulette. The prohibition applies to all such contracts entered into after the bill becomes law and does not prevent states from imposing their own stricter regulations. There is no dedicated funding specified in the legislation, as it primarily functions as a regulatory restriction on certain trading activities rather than an appropriations measure.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.