Prediction Markets Are Gambling Act

Sponsor: Steven Horsford (Democratic-NV)July 22, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Agriculture.

Bans certain betting-like contracts on sports and casino games from being traded on regulated exchanges.

This bill would stop financial companies from offering contracts that act like bets on sports or casino games. It would mean people could no longer trade these types of contracts through regulated exchanges. This change would take effect for any new contracts made after the bill becomes law.

What Would Change

Today, financial agreements, contracts, or transactions related to sporting events or casino-style games can be listed or traded on regulated exchanges. If this bill becomes law, any new agreements, contracts, or transactions related to these activities would be prohibited from being listed or traded on regulated exchanges.

Key Provisions

Bans financial contracts related to sporting events or athletic competitions from being traded on regulated exchanges.
Bans financial contracts related to casino-style games from being traded on regulated exchanges.
Defines "casino-style game" to include traditional casino games like blackjack, roulette, and slot machines, as well as bingo and lottery.
Defines "sporting event or athletic competition" to include amateur, college, and professional sports, both live and virtual.
Ensures that state laws regulating or banning these types of contracts would remain in effect and not be overridden by this federal bill.
Applies the ban to any new contracts made on or after the date the bill becomes law.

View on Congress.gov

HR 9856 · 119th Congress · July 22, 2026 · AI Summary by gemini-2.5-flash · 8/10

Prediction Markets Are Gambling Act

What Would Change

Key Provisions

Lobbying Activity