New Jersey bill A4689 prohibits certain prediction markets, allows athletic event markets under sports wagering regulations, and mandates a public.

New Jersey bill A4689 aims to regulate prediction markets by prohibiting those that allow wagering on catastrophic events, deaths, or political outcomes. It permits athletic event markets to operate if they comply with sports wagering regulations, including obtaining necessary licenses and adhering to age restrictions. The bill also mandates the Division of Gaming Enforcement to establish a public awareness campaign to inform residents about the risks and legal status of these markets. This includes details on how to report suspicious activities and resources for problem gamblers.

New Jersey bill A4689 prohibits certain prediction markets, allows athletic event markets under sports wagering regulations, and mandates a public.

New Jersey bill A4689 aims to regulate prediction markets by prohibiting those that allow wagering on catastrophic events, deaths, or political outcomes. It permits athletic event markets to operate if they comply with sports wagering regulations, including obtaining necessary licenses and adhering to age restrictions. The bill also mandates the Division of Gaming Enforcement to establish a public awareness campaign to inform residents about the risks and legal status of these markets. This includes details on how to report suspicious activities and resources for problem gamblers.