The Prediction Markets Are Gambling Act would amend federal commodity trading law to prohibit prediction markets and event contracts related to sports competitions and casino-style games from being traded on registered exchanges. The bill defines prohibited contracts broadly to include bets on professional, collegiate, and amateur sports as well as virtual versions of traditional casino games like poker, blackjack, and roulette. The legislation would apply immediately upon enactment and would prevent these contracts from being listed, cleared, or traded on any federally registered trading platform. The bill includes a provision preserving states' rights to maintain their own regulations on these types of contracts, meaning individual states could still permit or prohibit such activities under their own laws. The bill was introduced in July 2026 and referred to the House Committee on Agriculture.
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