Prediction Markets Security and Integrity Act of 2026
Sponsored By: Senator Richard Blumenthal
Introduced
Summary
This bill would create a federal framework to regulate online prediction markets, centering on _consumer protections and market integrity_. It would set national age and verification rules, a national self-exclusion list, advertising and data controls, and require States to run approved wagering programs and license operators.
Show full summary
- Players and families: Bars anyone under 21, mandates national and state self-exclusion lists, bans credit card deposits, limits deposits to no more than 5 in 24 hours, and requires affordability checks for deposits over $1,000 in 24 hours or $10,000 in 30 days. Operators must offer clear odds, easy withdrawals, and fund treatment and education from wagering revenue.
- States and operators: States must submit wagering programs for Attorney General review with 180-day reviews and 3-year program terms. Operators need state licenses, annual background checks, minimum internal controls, 6-year record retention, and near-real-time anonymized data reporting (no later than 24 hours).
- Integrity, enforcement, and sports partners: Prohibits insider trading, manipulation, certain bets (including amateur and intercollegiate propositions and some microbets), and requires suspicious-transaction reporting to authorities and sports organizations. The Attorney General can seek civil relief and violations carry criminal penalties of at least $50,000 per violation and/or up to 2 years imprisonment.
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Bill Overview
Analyzed Economic Effects
8 provisions identified: 6 benefits, 0 costs, 2 mixed.
Withdrawals and operator reserves
If enacted, operators could not require customers to do publicity or advertising to get withdrawals. They could not impose unreasonable withdrawal minimums, maximums, dormancy fees for non‑wagering inactivity, or use excessive ID‑check delays to block withdrawals. Operators would also have to hold reserves at least equal to patron balances, unresolved wagers, and unpaid winning obligations.
Deposit and affordability limits
If enacted, operators could not accept credit-card deposits and could accept no more than five deposits in any 24‑hour period. Operators would have to run an affordability check before accepting deposits that would push totals over $1,000 in 24 hours or $10,000 in 30 days. That check would pass if the proposed deposit is no more than 30% of monthly income or if a reasonable‑lender unsecured‑loan style check approves.
Ads, bonuses, and AI targeting limits
This bill would broadly ban reload bonuses, most tier and VIP rewards worth more than $5, and similar incentives tied to gambling. Ads would have to identify the operator and list gambling‑help resources, could not target people under 21 or self‑excluded or problem gamblers, and could not run between 8:00 a.m. and 10:00 p.m. local time or during live sports broadcasts. Operators would be barred from using AI to track individuals' wagers or to make targeted offers or AI‑created microbets.
Who can bet and block access
This bill would require operators to verify every user's full name, age, and location before accounts may be used. It would prohibit anyone under 21 from registering or placing wagers. The bill would create a national self-exclusion list and require operators to avoid taking bets from people on State or national self-exclusion lists. Operators would also have to refuse bets from certain sports-affiliated or otherwise restricted people, such as athletes, coaches, credentialed staff, and some convicted persons.
Paying for treatment and education
If enacted, operators would have to set aside an appropriate percentage of wagering revenue to fund gambling‑disorder treatment and responsible‑gaming education. The bill does not set the exact percent; States or State wagering programs would decide funding levels and details.
Market integrity and event controls
If enacted, the bill would bar use of material nonpublic information, manipulation, and deceptive practices in prediction markets. Operators would need rules to stop conflicts of interest and remove suspect listings. Event sponsors could ask State regulators to restrict or exclude wagers on events to protect contest integrity, and States would generally have to set and follow advance deadlines and a review process.
State approval and enforcement powers
The bill would require States to apply to the U.S. Attorney General to run a State wagering program and give the Attorney General 180 days to act on complete applications. State approvals would run for three years. The U.S. Attorney General would get civil enforcement authority, including injunctions, and the bill would set criminal penalties (at least $50,000 per violation and up to 2 years in jail). State attorneys general could also sue for residents but must notify the U.S. Attorney General in advance.
Which wagers are allowed or banned
The bill would let States approve only specific wager types and require location checks so you can bet only from approved States or Indian lands in an approved interstate compact. It would bar proposition bets on amateur and intercollegiate sports and would ban bets on events after the event has started. The bill would also prohibit online markets from listing or clearing event‑based contracts that pay on occurrences or contingencies.
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Sponsors & CoSponsors
Sponsor
Richard Blumenthal
CT • D
Cosponsors
Andy Kim
NJ • D
Sponsored 3/11/2026
Roll Call Votes
No roll call votes available for this bill.
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