Prediction Markets Are Gambling Act
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Table of Contents
Representative Dan Crane introduced this bill in the House of Representatives. It seeks to clarify how certain types of prediction markets—platforms where people bet on the outcome of future events—are treated under federal law.
Why it matters: This bill aims to resolve legal uncertainty regarding whether prediction markets fall under federal gambling prohibitions. Its practical impact depends on whether it passes through the legislative process.
Who it affects
- Operators of prediction market platforms
This information comes from Congress.gov regarding a bill referred to the House Committee on Agriculture; please consult the official text before relying on this information.
Agency: House
Source: Congress.gov — read the official document