In CommitteeFiled Mar 23, 2026
Sponsor: Sen. Schiff, Adam B. [D-CA] (D)
Latest Action
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Mar 23, 2026
Summary
The bill amends the Commodity Exchange Act to ban any contract that lets people wager on the outcome of a sporting event or a casino‑style game from being listed, cleared, or traded through a registered exchange. It defines what counts as a sporting event and a casino‑style game, and the ban applies to any such agreements entered into after the law takes effect. The measure seeks to treat these prediction markets as gambling rather than legitimate financial products.
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