AN ACT PROHIBITING PREDICTION MARKET PLATFORMS FROM ALLOWING USE BY OR ADVERTISING TO CONSUMERS UNDER THE AGE OF TWENTY-ONE.

HB 5038 prohibits prediction market platforms (services where users bet on future event outcomes, like election results or economic trends) from allowing access or advertising to anyone under age 21. It requires platforms to verify users are 21+ and physically in-state before registration, implement self-exclusion options, and bans ads targeting under-21s or using youth-appealing tactics like campus promotions or celebrity endorsements. The law applies to all platforms operating within the state and imposes civil penalties up to $50,000 per violation for noncompliance. Sports betting, casino gaming, and traditional financial markets are excluded from these rules.