Bill · H.R. 9856· House(119-HR-9856)
Prediction Markets Are Gambling Act
- Introduced
- 7/22/2026
- Last activity
- 7/22/2026 — Referred to the House Committee on Agriculture.
- Sponsored by
- Steven Horsford
- Cosponsors
- - 1 - 2
- Introduced
- In Committee
What this bill would do
This bill, titled the "Prediction Markets Are Gambling Act," aims to amend the Commodity Exchange Act. It seeks to prohibit certain event contracts that involve sports and casino-style games. The legislation defines casino-style games to include things like slot machines, blackjack, and roulette. It also defines sporting events to include various levels of athletic competitions. Under this act, these specific contracts would be prohibited from being traded through registered entities.
Yes
Does this give people more protection from unfair business practices?+5
The bill protects consumers by preventing them from engaging in high-risk gambling-style contracts through registered financial entities.
Does this give the federal government more power?+2
The bill expands federal oversight of the Commodity Exchange Act regarding certain contract types.
The opposite· 3 of 5
Would business owners be better off under this?-2
Financial entities that deal in these contracts will lose a revenue stream.
Would people with substantial wealth be better off under this?-2
It limits certain trading opportunities available to high-net-worth traders.
Would the very wealthiest people be better off under this?-2
It restricts specific financial instruments used in large-scale trading.
Who it would affect, and how
Potential Positive Impacts for People
- Prohibition of specific gambling-related contracts: The bill prohibits any agreement, contract, or transaction relating to sporting events or casino-style games from being listed or traded on a registered entity (Section 2(a)(6)(B)). This prevents certain types of betting on games like blackjack, roulette, or professional and amateur sports from occurring through these regulated channels.
Potential Negative Impacts for People
- Restriction on trading and contracts: The act prohibits the listing or clearing of any contract related to sporting events or casino-style games through registered entities (Section 2(a)(6)(B)). This would prevent individuals from entering into these specific types of agreements or transactions via these entities on or after the date the bill becomes law.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Billionaires-2Good For Business Owners-2Good For High Net Worth Individuals-2Good For Ultra High Net Worth Individuals-2
- Economy And Finance
- Improves Consumer Protection+5Improves Economic Growth-1
- Governance And Ideology
- Increases Federal Power+2
- 9/17/2026
- 2 Cosponsors added.
- 7/22/2026
- Referred to the House Committee on Agriculture.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mark AmodeiRepublican · Nevada
Salud CarbajalDemocrat · California
Blake MooreRepublican · Utah