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

This Iowa bill establishes rules for digital platforms trading event-driven contracts, which are financial bets on specific outcomes like elections, sporting events, or legislative actions. It prohibits public employees, officials, and lobbyists from buying or selling these contracts related to government decisions to prevent conflicts of interest. The legislation also sets an age limit of twenty-one for traders, requires markets to exclude individuals with insider information or those who voluntarily self-exclude, and mandates responsible gaming features such as deposit limits and time reminders. Additionally, the bill mandates that trading platforms clearly display the sources used to determine event outcomes and restricts certain types of promotional advertising.