Steven Horsford (D-NV)
Prediction Markets Are Gambling Act
A Democratic bill with 2 Republican cosponsors · See all 7 cosponsors
Last activity — Referred to the House Committee on Agriculture.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Prediction Markets Are Gambling Act," aims to amend the Commodity Exchange Act. It seeks to prohibit certain event contracts that involve sports and casino-style games. The legislation defines casino-style games to include things like slot machines, blackjack, and roulette. It also defines sporting events to include various levels of athletic competitions. Under this act, these specific contracts would be prohibited from being traded through registered entities.
Yes
- Scored +5
Does this give people more protection from unfair business practices?
The bill protects consumers by preventing them from engaging in high-risk gambling-style contracts through registered financial entities.
- Scored +2
Does this give the federal government more power?
The bill expands federal oversight of the Commodity Exchange Act regarding certain contract types.
The opposite· 3 of 5
- Scored -2
Would business owners be better off under this?
Financial entities that deal in these contracts will lose a revenue stream.
- Scored -2
Would people with substantial wealth be better off under this?
It limits certain trading opportunities available to high-net-worth traders.
- Scored -2
Would the very wealthiest people be better off under this?
It restricts specific financial instruments used in large-scale trading.
Who it would affect, and how
Potential Positive Impacts for People
- Prohibition of specific gambling-related contracts: The bill prohibits any agreement, contract, or transaction relating to sporting events or casino-style games from being listed or traded on a registered entity (Section 2(a)(6)(B)). This prevents certain types of betting on games like blackjack, roulette, or professional and amateur sports from occurring through these regulated channels.
Potential Negative Impacts for People
- Restriction on trading and contracts: The act prohibits the listing or clearing of any contract related to sporting events or casino-style games through registered entities (Section 2(a)(6)(B)). This would prevent individuals from entering into these specific types of agreements or transactions via these entities on or after the date the bill becomes law.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would billionaires be better off under this? — The prohibition restricts market participation for large-scale traders. Would business owners be better off under this? — Financial entities that deal in these contracts will lose a revenue stream. Would people with substantial wealth be better off under this? — It limits certain trading opportunities available to high-net-worth traders. Would the very wealthiest people be better off under this? — It restricts specific financial instruments used in large-scale trading.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill protects consumers by preventing them from engaging in high-risk gambling-style contracts through registered financial entities. Is this likely to grow the economy? — The bill restricts certain financial contract markets which could slightly impact market liquidity.
- Governance And Ideology
- Does this give the federal government more power? — The bill expands federal oversight of the Commodity Exchange Act regarding certain contract types.
- 11/10/2026
- 4 Cosponsors added.
- 9/17/2026
- 2 Cosponsors added.
- 7/22/2026
- Referred to the House Committee on Agriculture.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mark AmodeiRepublican · Nevada
Salud CarbajalDemocrat · California
Sharice DavidsDemocrat · Kansas
Ro KhannaDemocrat · California
Mike LevinDemocrat · California
Blake MooreRepublican · Utah
Emily RandallDemocrat · Washington