A bill to provide national safeguards to prevent abuse and fraud in online prediction markets, prevent underage use of online prediction markets, protect consumers, and return regulatory authorities and oversight of online prediction markets to States.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4060 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4060 To provide national safeguards to prevent abuse and fraud in online prediction markets, prevent underage use of online prediction markets, protect consumers, and return regulatory authorities and oversight of online prediction markets to States. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 11, 2026 Mr. Blumenthal (for himself and Mr. Kim) introduced the following bill; which was read twice and referred to the Committee on the Judiciary _______________________________________________________________________ A BILL To provide national safeguards to prevent abuse and fraud in online prediction markets, prevent underage use of online prediction markets, protect consumers, and return regulatory authorities and oversight of online prediction markets to States. 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 Markets Security and Integrity Act of 2026''. SEC. 2. CONGRESSIONAL FINDINGS. Congress finds that-- (1) online prediction markets offer services that are substantially the same as betting, wagering, gambling, and sports gambling; (2) foreign online prediction markets have offered to individuals in the United States unregulated gambling services that violate Federal and State laws; (3) State regulators have historically been understood to regulate gambling as a matter of consumer protection and public health; (4) State regulators were never intended to be precluded from enforcing State gambling laws against online prediction markets; and (5) in the absence of State regulations concerning online prediction markets, several harms have resulted, including-- (A) fixing of wagers based on insider information or manipulation o