A bill for an act regulating designated contract markets and providing penalties.

This Iowa bill establishes new rules for digital markets that trade event-driven contracts, which are financial bets on specific outcomes like elections, sports results, or legislative actions. It directly affects public officials, lobbyists, and their families by prohibiting them from buying or selling these contracts related to government decisions. The legislation also sets age restrictions requiring traders to be at least twenty-one, mandates responsible gaming tools such as spending limits and self-exclusion options, and requires markets to clearly display the sources used to determine trade outcomes. Additionally, the bill outlines penalties for violations, including serious misdemeanor charges and potential job sanctions for those who knowingly break the rules.