Prediction Market Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4469 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4469 To amend the Commodity Exchange Act to modify provisions relating to event contracts, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 30, 2026 Mr. McCormick (for himself and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry _______________________________________________________________________ A BILL To amend the Commodity Exchange Act to modify provisions relating to event contracts, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Prediction Market Act of 2026''. SEC. 2. SPECIAL RULES RELATING TO EVENT CONTRACTS. Section 5c of the Commodity Exchange Act (7 U.S.C. 7a-2) is amended-- (1) in subsection (c)(5)(C)-- (A) in the subparagraph heading, by striking ``event contracts and''; (B) by striking clauses (i), (ii), and (iv); (C) in clause (iii), by striking the clause designation and heading and all that follows through ``In connection'' in subclause (I) and inserting the following: ``(i) In general.--In connection''; (D) by redesignating subclause (II) as clause (ii) and indenting appropriately; and (E) in clause (ii) (as so redesignated), by redesignating items (aa) and (bb) as subclauses (I) and (II), respectively, and indenting appropriately; and (2) by inserting after subsection (c) the following: ``(d) Special Rules Relating to Event Contracts.-- ``(1) Definitions.--In this subsection: ``(A) Contingency.--The term `contingency' means an event or circumstance that may happen, but is not certain to occur, including the outcome of another event or circumstance. ``(B) Event contract.--The term