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Prediction Markets Are Gambling Act
To amend the Commodity Exchange Act to prohibit certain event contracts involving sports and casino-style games.
Summary
- Prohibits agreements, contracts, or transactions relating to sporting events or athletic competitions from being listed or traded on registered commodity exchanges
- Prohibits agreements, contracts, or transactions relating to casino-style games from being listed or traded on registered commodity exchanges
- Defines "casino-style game" to include slot machines, video poker, blackjack, roulette, craps, bingo, lottery, and simulations thereof
- Defines "sporting event or athletic competition" to include amateur, collegiate, and professional sports involving physical activity or skill
- Preserves state authority to maintain their own regulations or prohibitions on such agreements, contracts, or transactions
- Applies to transactions entered into after the bill's enactment
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- Jul 22, 2026 Referred to the House Committee on Agriculture. · house
- Jul 22, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
July 22, 2026
Mr. Horsford (for himself and Mr. Amodei of Nevada) introduced the following bill; which was referred to the Committee on Agriculture
A BILL
To amend the Commodity Exchange Act to prohibit certain event contracts involving sports and casino-style games.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Prediction Markets Are Gambling Act”.
SEC. 2. PROHIBITION ON CERTAIN EVENT CONTRACTS INVOLVING SPORTS AND CASINO-STYLE GAMES.
(a) Amendment to the Commodity Exchange Act.—Section 5c(c) of the Commodity Exchange Act (7 U.S.C. 7a-2(c)) is amended by adding at the end the following:
“(6) Prohibition on sporting and casino-style event contracts.—
“(A) Definitions.—In this paragraph:
“(i) Casino-style game.—The term ‘casino- style game’ means any game traditionally found in a casino, including slot machine games, video poker, blackjack, roulette, craps, any other casino-style table game, bingo, lottery, and any simulation of any of those games.
“(ii) Sporting event or athletic competition.—The term ‘sporting event or athletic competition’ means any live or virtual contest involving physical activity or skill in which individuals or teams compete and performance determines an outcome or statistical result, including amateur, collegiate, and professional sports.
“(B) Prohibition.—Notwithstanding any other provision of this section, no agreement, contract, or transaction relating to any sporting event or athletic competition or any casino-style game may be listed or made available for clearing or trading on or through a registered entity.
“(C) Rule of construction.—Nothing in this Act shall be construed to preempt any State law or rule that regulates or prohibits any agreement, contract, or transaction relating to any sporting event or athletic competition or any casino-style game.”.
(b) Applicability of Prohibition.—Paragraph (6)(B) of section 5c(c) of the Commodity Exchange Act (7 U.S.C. 7a-2(c)) (as added by subsection (a)) shall apply to any agreement, contract, or transaction entered into on or after the date of enactment of this Act. <all>
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