PRIA Logo™
119-hr-8148119th CongressWALLET

Prediction Market RISK Act

Sponsored By: Representative Moulton, Seth [D-MA-6]

Introduced

Summary

This bill would apply the Commodity Exchange Act's enforcement rules to prediction market contracts. It defines "prediction market contract" broadly and says existing Sections 4(c) and 6(c) of the Commodity Exchange Act cover illegal trading in those contracts.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New oversight for prediction market platforms

This bill would define a "prediction market contract" as any financial instrument or derivative offered by an interstate platform that pays based on whether a future event happens or does not happen, including market-based event contracts. If enacted, it would make Sections 4(c) and 6(c) of the Commodity Exchange Act apply to illegal trading in those contracts. That would subject platforms and people who trade these contracts to the Commodity Futures Trading Commission's existing prohibitions and enforcement tools. The bill would not create new enforcement powers, new funding, effective dates, or sunsets beyond applying the existing rules.

Sponsors & CoSponsors

Sponsor

Moulton, Seth [D-MA-6]

MA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation