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New Bill Introduced: Prediction Markets Are Gambling Act
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Key points
prediction markets
- A new bill proposes to define the legal status of prediction markets.
- H.R. 9856 is currently available for public review.
- The legislation aims to clarify regulations surrounding betting on future events.
NewsWK — A new piece of legislation titled the Prediction Markets Are Gambling Act, known as H.R. 9856, has been introduced in Congress. This bill seeks to clarify the legal standing of prediction markets, which are platforms that allow individuals to place bets on the outcomes of future events.
The bill is currently in its initial stages and has been made available for public review, including a comprehensive set of content files and metadata for those interested in the details.
Based on reporting originally published by GovInfo (U.S. GPO). Read the original story.
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Related: How Do State Laws on Election Betting Impact the Future of Prediction Markets?
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