Prediction Markets Are Gambling Act prohibits trading of sports and casino-style games on exchanges.
The Prediction Markets Are Gambling Act amends the Commodity Exchange Act to prohibit agreements, contracts, or transactions related to sporting events or athletic competitions and casino-style games from being listed or traded on or through a registered entity. This includes live or virtual contests involving physical activity or skill, as well as games traditionally found in casinos. The prohibition applies to any agreement, contract, or transaction entered into after the enactment of this Act.
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