Prediction Markets Are Gambling Act
To amend the Commodity Exchange Act to prohibit certain event contracts involving sports and casino-style games.
This bill, HB9856, aims to change the Commodity Exchange Act to stop certain types of contracts where people can bet on events, especially in sports and casino games. These contracts are similar to gambling. If passed, the bill would affect people who participate in these types of betting, making it illegal to offer or trade these contracts.
The bill was introduced by Steven Horsford and Mark Amodei on July 22, 2026. It has been sent to the House Committee on Agriculture for further review. It is still in the early stages of the legislative process.
The key actions so far include: the bill being introduced and referred to the committee. The committee will now review and potentially make changes before it can move forward in the legislative process.
