A bill for an act regulating designated contract markets and providing penalties.
Committee report approving bill, renumbered as SF 2494.
Summary
The bill prohibits public employees, elected officials, lobbyists and their immediate family members from buying or selling event‑driven contracts that depend on legislative or governmental outcomes. It also creates a regulatory framework for digital marketplaces that trade these contracts, including age limits, self‑exclusion options, transparency about settlement sources, and responsible‑gaming requirements. Violations can be charged as a serious misdemeanor and may result in employment sanctions.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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