Prediction Markets Are Gambling Act

This bill, titled the Prediction Markets Are Gambling Act, prohibits the listing or trading of contracts related to sports events or casino-style games on regulated financial exchanges. It directly affects companies that operate prediction markets or trading platforms by banning them from offering agreements tied to athletic competitions or traditional casino games like blackjack, roulette, and slot machines. The law defines these prohibited activities clearly and ensures it does not override existing state regulations on gambling. Contracts entered into after the bill becomes effective will fall under this new restriction, while the legislation maintains a neutral stance on the policy change itself.