Prohibits operation of certain prediction markets in this State; authorizes athletic event markets operating in compliance with sports wagering regulations; establishes public awareness campaign.
Introduced First Reading Senate Referred to SSG
Summary
The measure stops New Jersey residents from placing bets on catastrophic events, death scenarios, or political outcomes through prediction markets, but it permits markets on athletic events if they comply with the state's sports wagering regulations. It also forces market platforms to disclose how they determine outcomes, put in place fraud‑prevention systems, and report any misconduct to the Attorney General. Operators who ignore the rules could face injunctions and a civil penalty of $129 million per day.
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