Enacts the oversight and regulation of activity for contracts linked to events (ORACLE) act to provide for requirements and restrictions on.

The bill enacts the oversight and regulation of activity for contracts linked to events (ORACLE) act to provide for requirements and restrictions on prediction markets. It defines "prediction market" as a system that allows consumers to open a speculative position on the outcome of future events. The bill prohibits prediction market platforms from enabling consumers to open, hold, trade, or settle speculative positions in catastrophic event markets, political markets, death markets, athletic event markets, and unlawful commodity markets.

Enacts the oversight and regulation of activity for contracts linked to events (ORACLE) act to provide for requirements and restrictions on.

The bill enacts the oversight and regulation of activity for contracts linked to events (ORACLE) act to provide for requirements and restrictions on prediction markets. It defines "prediction market" as a system that allows consumers to open a speculative position on the outcome of future events. The bill prohibits prediction market platforms from enabling consumers to open, hold, trade, or settle speculative positions in catastrophic event markets, political markets, death markets, athletic event markets, and unlawful commodity markets.