Bill · S. 4160· Senate(119-S-4160)
Prediction Markets Are Gambling Act
- Introduced
- 3/23/2026
- Last activity
- 3/23/2026 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Adam Schiff
- Cosponsors
- - 1 - 1
- 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. Under the proposed changes, no agreements or transactions related to these events could be traded through a registered entity. The bill defines casino-style games to include things like slot machines, blackjack, and bingo. It also defines sporting events to include both professional and amateur competitions.
Yes
Does this give people more protection from unfair business practices?+4
The bill protects consumers by prohibiting the trading of high-risk sports and casino-style contracts through registered entities.
Would households on low incomes be better off under this?+2
The bill limits access to gambling-style financial instruments that often disproportionately impact low-income earners.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Prohibition of certain trades: By preventing agreements or contracts related to sporting events or casino-style games from being listed or traded through registered entities, the bill restricts the availability of these specific markets. This is found in Section 2(a)(B).
-
Clear definitions for regulation: The bill provides specific definitions for what constitutes a "casino-style game" and a "sporting event or athletic competition," which clarifies what is being prohibited. These definitions are found in Section 2(a)(A)(i) and Section 2(a)(A)(ii).
Potential Negative Impacts for People
- Restriction on trading: The bill would prevent any agreement, contract, or transaction regarding sporting events or casino-style games from being made available for clearing or trading on or through a registered entity. This restriction is outlined in Section 2(a)(B).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+4
- Demographic And Interest Groups
- Good For Low Income Households+2
- 3/23/2026
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 2 Cosponsors added.
- Introduced in Senate
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.
Catherine Cortez MastoDemocrat · Nevada
John CurtisRepublican · Utah