Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Summary
The Prediction Market Act changes the Commodity Exchange Act to define and oversee "event contracts" – futures, options or swaps based on future occurrences. It gives the Commission authority to reject contracts that promote unlawful, violent or otherwise harmful events and requires new disclosure, certification and anti‑money‑laundering rules. The bill targets contract markets, swap execution facilities and clearing organizations that list or trade these contracts, aiming to protect the public and retail investors.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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