Prediction Markets Security and Integrity Act of 2026
Sponsored By: Senator Blumenthal, Richard [D-CT]
Introduced
Summary
Federal–State regulatory framework would govern online prediction markets by allowing them only in States that adopt AG‑approved wagering programs and by imposing rules to prevent fraud, manipulation, and underage access.
Show full summary
- Consumers and young people: Bars anyone under 21, creates a national self‑exclusion list, requires operators to fund treatment and education, and limits general rewards to $5 while imposing tight advertising and affordability rules.
- States and Tribes: Requires States to adopt an approved State wagering program to host markets, permits interstate compacts and tribal participation, and sets a 3‑year approval term with AG review timelines and notice requirements.
- Operators, sports organizations, and enforcers: Forces State licensing and background checks, strict data and recordkeeping rules with records kept at least 6 years, real‑time anonymized reporting, and civil/criminal penalties starting at $50,000 per violation.
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Bill Overview
Analyzed Economic Effects
11 provisions identified: 4 benefits, 4 costs, 3 mixed.
Deposit limits and player protections
If enacted, the bill would cap some gambling incentives, ban reload and VIP bonuses, and limit general rewards to $5 or less. You could make no more than 5 deposits in any 24-hour period and operators could not accept credit-card deposits. Operators would have to run affordability checks before accepting more than $1,000 in 24 hours or $10,000 in 30 days, using 30% of monthly income or a reasonable-lender standard. Operators must also hold reserves equal to customer balances and outstanding wagers and fund gambling-disorder treatment from wagering revenue.
State opt-in and operator licensing
If enacted, the bill would require each State to apply to the U.S. Attorney General to run a State wagering program. The Attorney General must approve a complete application within 180 days and approvals would last three years. Online prediction markets could only operate where a State has an approved program and each operator must be licensed by the State after background checks and suitability reviews. States must tell the Attorney General about material changes within 30 days.
Real-time reporting and record rules
If enacted, the bill would make operators keep detailed records for at least 6 years for every wager and attempted wager, including verified identity, IP/location, amounts, and outcomes. Operators would have to give anonymized wagering data to regulators and the Attorney General in real time or within 24 hours and promptly report suspicious transactions to State regulators and DOJ. State regulators could audit operators and inspect books and records.
National self-exclusion program
If enacted, the bill would create a national self-exclusion list run by the Public Health Service Secretary with States and the Assistant Secretary for Mental Health and Substance Use. You would be able to add or remove yourself from the list. Operators would have to refuse wagers or apply limits to people on that list.
Attorney General rulemaking deadline
If enacted, the bill would require the Attorney General to issue rules within 180 days to define insider trading, market manipulation, and fraudulent listings, including 'material, nonpublic information.' This would clarify enforcement standards for operators and participants.
Bans on college and in-play bets
If enacted, the bill would stop operators from approving proposition bets on amateur athletics and intercollegiate sports. It would also bar operators from accepting wagers on a sporting event after that event has started.
Limits on gambling advertising
If enacted, the bill would require ads to name the operator and include gambling-help resources. Ads could not target problem gamblers, self-excluded people, or under-21s. Broadcast ads would be banned from 8:00 a.m. to 10:00 p.m. local time and during live sports. Ads could not use 'bonus' style phrases or explain how to place a wager.
Who would be banned from wagering
If enacted, the bill would bar operators from accepting wagers from several groups. That includes anyone younger than 21 and anyone on the national self-exclusion list. It would also bar athletes, coaches, officials, credentialed persons whose rules forbid wagering, and people convicted under 18 U.S.C. § 224(a) from betting on related events.
Annual employee background checks
If enacted, the bill would require operators to run annual criminal-history background checks for all existing and newly hired employees and contractors. Operators may not hire anyone convicted of a State or Federal wagering-related crime.
Federal penalties and State suits rules
If enacted, the bill would let the Attorney General seek injunctions and bring criminal charges for violations. Criminal penalties would include fines of at least $50,000 per violation and up to 2 years imprisonment, or both. State attorneys general could bring parens patriae suits for residents but would usually need to notify the Attorney General 10 days before filing.
Ban on event-based commodity contracts
If enacted, the bill would amend the Commodity Exchange Act to bar event-based commodity contracts from being listed, cleared, or traded through online prediction markets. That would stop contracts tied to occurrences or contingencies in excluded commodities from these platforms.
Sponsors & CoSponsors
Sponsor
Blumenthal, Richard [D-CT]
CT • D
Cosponsors
Sen. Kim, Andy [D-NJ]
NJ • D
Sponsored 3/11/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov