HB05038

Connecticut HB05038 prohibits prediction market platforms from advertising to or allowing use by consumers under twenty-one years of age.

Connecticut HB05038 aims to protect minors by prohibiting prediction market platforms from advertising to or allowing use by consumers under twenty-one years of age. The bill defines "prediction market platform" as any service allowing consumers to speculate on future events. It mandates that platforms verify user age and implement a self-exclusion process. If a platform inadvertently allows a minor to use it, the account must be suspended, positions closed, funds paid out, and the account prohibited until the user turns twenty-one.