Prediction Markets Are Gambling Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4160 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4160 To amend the Commodity Exchange Act to prohibit certain event contracts involving sports and casino-style games. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 23, 2026 Mr. Schiff (for himself, Mr. Curtis, and Ms. Cortez Masto) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry _______________________________________________________________________ A BILL To amend the Commodity Exchange Act to prohibit certain event contracts involving sports and casino-style games. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Prediction Markets Are Gambling Act''. SEC. 2. PROHIBITION ON CERTAIN EVENT CONTRACTS INVOLVING SPORTS AND CASINO-STYLE GAMES. (a) Amendment to the Commodity Exchange Act.--Section 5c(c) of the Commodity Exchange Act (7 U.S.C. 7a-2(c)) is amended by adding at t…