An Act amending Title 4 (Amusements) of the Pennsylvania Consolidated Statutes, providing for event outcome prediction wagering; imposing duties on the Pennsylvania Gaming Control Board and the Department of Revenue; imposing an event outcome prediction wagering tax and local share assessment; establishing restricted receipt accounts within the State Gaming Fund and the Commonwealth Financing Authority; and imposing penalties.

Summary

The bill adds a new chapter to Pennsylvania’s Amusements statutes to legalize and regulate prediction‑market wagering on events such as elections, weather, sports and other outcomes. It requires online platforms to obtain a license from the Gaming Control Board, sets age and conduct restrictions, and subjects wagering revenue to a new tax and local‑share assessment. The measure aims to bring prediction markets under state oversight while generating revenue for the State Gaming Fund.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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