[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4160 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4160

To amend the Commodity Exchange Act to prohibit certain event contracts 
                involving sports and casino-style games.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 23, 2026

 Mr. Schiff (for himself, Mr. Curtis, and Ms. Cortez Masto) introduced 
the following bill; which was read twice and referred to the Committee 
                on Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
To amend the Commodity Exchange Act to prohibit certain event contracts 
                involving sports and casino-style games.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prediction Markets Are Gambling 
Act''.

SEC. 2. PROHIBITION ON CERTAIN EVENT CONTRACTS INVOLVING SPORTS AND 
              CASINO-STYLE GAMES.

    (a) Amendment to the Commodity Exchange Act.--Section 5c(c) of the 
Commodity Exchange Act (7 U.S.C. 7a-2(c)) is amended by adding at the 
end the following:
            ``(6) Prohibition on sporting and casino-style event 
        contracts.--
                    ``(A) Definitions.--In this paragraph:
                            ``(i) Casino-style game.--The term `casino-
                        style game' means any game traditionally found 
                        in a casino, including slot machine games, 
                        video poker, blackjack, roulette, craps, any 
                        other casino-style table game, bingo, lottery, 
                        and any simulation of any of those games.
                            ``(ii) Sporting event or athletic 
                        competition.--The term `sporting event or 
                        athletic competition' means any live or virtual 
                        contest involving physical activity or skill in 
                        which individuals or teams compete and 
                        performance determines an outcome or 
                        statistical result, including amateur, 
                        collegiate, and professional sports.
                    ``(B) Prohibition.--Notwithstanding any other 
                provision of this section, no agreement, contract, or 
                transaction relating to any sporting event or athletic 
                competition or any casino-style game may be listed or 
                made available for clearing or trading on or through a 
                registered entity.
                    ``(C) Rule of construction.--Nothing in this Act 
                shall be construed to preempt any State law or rule 
                that regulates or prohibits any agreement, contract, or 
                transaction relating to any sporting event or athletic 
                competition or any casino-style game.''.
    (b) Applicability of Prohibition.--Paragraph (6)(B) of section 
5c(c) of the Commodity Exchange Act (7 U.S.C. 7a-2(c)) (as added by 
subsection (a)) shall apply to any agreement, contract, or transaction 
entered into on or after the date of enactment of this Act.
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