An act relating to prohibiting certain prediction markets securities
Read first time and referred to the Committee on Government Operations and Military Affairs
Summary
The legislation makes it illegal to offer or trade prediction‑market securities whose value depends on outcomes such as sports contests, elections, disasters, war or death, and declares any such contracts void with a right to civil recovery. It also adds a fifty‑cent fee to every wager placed through Vermont’s licensed sports‑betting operators. The measure aims to close a gambling loophole and raise revenue for the state.
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