Bill · S. 4060· Senate(119-S-4060)
Prediction Markets Security and Integrity Act of 2026
- Introduced
- 3/11/2026
- Last activity
- 3/11/2026 — Read twice and referred to the Committee on the Judiciary.
- Sponsored by
- Richard Blumenthal
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The Prediction Markets Security and Integrity Act of 2026 establishes national safeguards and State-led oversight for online prediction markets. The bill requires online prediction markets to operate only within approved State wagering programs authorized by the Attorney General. It sets strict rules to prevent fraud, insider trading, underage gambling, and market manipulation. Additionally, the legislation provides tools for consumer protection, such as self-exclusion lists and affordability checks. Finally, it imposes criminal and civil penalties for violations of the Act.
Yes· 3 of 5
Would children be better off under this?+7
The bill explicitly prohibits individuals younger than 21 from participating and bans targeted advertising to minors.
Does this leave more decisions to the states?+7
The legislation returns regulatory authority and oversight of online prediction markets directly to the states.
Does this give people more protection from unfair business practices?+6
The bill establishes robust consumer protection measures, such as mandatory self-exclusion lists, affordability checks, and clear disclosures.
The opposite
Does this protect people from being watched or searched?-4
The requirement for affordability checks imposes an intrusive financial auditing burden on everyday citizens.
Would people in their twenties and thirties be better off under this?-2
Adults aged 18 to 20 are restricted from participating in online prediction markets.
Does this give the federal government more power?-2
Who it would affect, and how
Potential Positive Impacts for People
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Protection of Minors: Section 9 explicitly prohibits individuals younger than 21 years of age from registering, using, or placing wagers on online prediction markets, and bans advertising targeted at minors. This is a positive outcome because it shields young people from developing gambling addictions.
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Consumer Protection and Addiction Resources: Section 7(b)(6)(A) and Section 8 establish State and national self-exclusion lists allowing individuals to restrict themselves from placing wagers. Furthermore, Section 7(b)(6)(D) requires operators to allocate a percentage of revenue to gambling disorder treatment and responsible gaming education. These provisions benefit individuals struggling with compulsive gambling by providing concrete barriers and health resources.
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Safeguards Against Financial Ruin: Section 7(b)(6)(F) prohibits operators from accepting credit card deposits and mandates affordability checks for wagers exceeding certain amounts in a 24-hour or 30-day period. This protects consumers from rapidly accumulating massive debt through online wagering.
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Integrity and Anti-Corruption Measures: Section 4(a) and Section 7(b)(4) prohibit insider trading, conflicts of interest, and wagering by athletes, coaches, and officials on their own sporting events. This helps ensure that games and events are not rigged for private financial gain.
Potential Negative Impacts for People
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Burdens on Personal Freedom and Wagering Access: Section 7(b)(2)(C) through (G) and Section 7(b)(6)(F) prohibit popular betting features like reload bonuses, tier programs, VIP perks, microbets, amateur proposition bets, and live in-game betting after an event starts, while also capping deposit frequencies. These broad restrictions limit the choices and recreational freedom of adults who wish to participate in these specific types of wagering.
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Privacy Invasions via Affordability Checks: Section 7(b)(6)(F) requires individuals wishing to wager over certain amounts to undergo affordability checks, which include verifying that the deposit is not greater than 30 percent of their monthly income or applying a reasonable lender standard. This imposes an intrusive financial auditing burden on everyday citizens who simply want to spend their own money.
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 Children+7Good For Low Income Households+4Good For Young Adults-2
- Economy And Finance
- Improves Consumer Protection+6
- Healthcare
- Improves Mental Health Access+5
- Governance And Ideology
- Increase States Rights+7Improves Privacy Rights-4Increases Federal Power-2
- 3/11/2026
- Read twice and referred to the Committee on the Judiciary.
- 1 Cosponsor added.
- Introduced in Senate
Andy KimDemocrat · New Jersey