Federal and state legislation that affects prediction markets (Kalshi, Polymarket, Robinhood, etc.) — what's been introduced, what's moving, what's been signed into law, and what's dead.
Prediction markets — platforms that let users trade on the outcome of events — exploded in 2024-2025, with platforms like Kalshi and Polymarket handling billions in volume on elections, sports, and current events. The CFTC has primary federal jurisdiction over event contracts, but most platforms argue their products are derivatives, not gambling, which puts them in a regulatory grey zone.
That ambiguity is what this legislation tries to resolve. Bills in this tracker generally do one of four things: (1) ban certain prediction-market contracts (sports betting, election outcome markets, death/assassination markets), (2) regulate operators through licensing, taxation, and disclosure rules, (3) restrict who can trade (under-21 bans, public-official trading bans, insider-trading rules), or (4) study the market's impact on public health and election integrity.
The federal bills in this tracker are mostly Democratic-sponsored; state-level action is split. Kentucky, Minnesota, Tennessee, and Utah have already signed PM-restriction laws in 2026. New York, Illinois, Ohio, and Pennsylvania are the next likely movers.
Methodology: Data sourced from Mick Bransfield's PM legislation tracker, supplemented with live status checks from api.congress.gov (federal) and individual state legislature sites. Updated daily.
| Jurisdiction | Bill | Sponsor | Status | Title |
|---|---|---|---|---|
| Federal | S.Res.708 | Bernie Moreno (R-OH) | Passed Senate 04/30/2026 | Resolution banning Senators from participating in prediction markets |
| Federal | H.R.7004 | Richie Torres (D-NJ) | Referred to Committee on Oversight and Government Reform | Public Integrity in Financial Prediction Markets Act of 2026 |
| Federal | H.R.7477 | Dina Titus (D-NV) | Referred to House Committee on Agriculture | Fair Markets and Sports Integrity Act |
| Federal | S.4060 | Blumenthal, Richard | Referred to the Committee on the Judiciary | Prediction Markets Security and Integrity Act |
| Federal | S.4017 | Merkely, Jeff | Referred to the Senate Committee on Agriculture, Nutrition, and Forestry. | End Prediction Market Corruption Act |
| Federal | H.R.7840 | Blake Moore (R-UT) | Referred to House Committee on Agriculture | Event Contract Enforcement Act |
| Federal | H.R.7567-Amendment-032 | Gabe Vasquez (D-NM) | Blocked in committee | Amendment #032 to H.R. 7567 |
| Federal | S.4035 | Adam Schiff (D-CA) | Referred to Senate Committee on Agriculture, Nutrition, and Forestry | DEATH BETS Act |
| Federal | H.R.7942 | Levin, Mike | Referred to the House Committee on Agriculture. | DEATH BETS Act |
| Federal | S.4115 | Chris Murphy (D-CT) | Referred to Committee on the Judiciary | BETS OFF Act |
| Federal | H.R.7955 | Greg Casar (D-TX) | Referred to Committee on Judiciary, Agriculture, Financial Services | BETS OFF Act |
| Federal | S.4160 | Adam Schiff (D-CA) | Referred to Committee on Agriculture, Nutrition, and Forestry | Prediction Markets Are Gambling Act |
| Federal | S.4188 | Elissa Slotkin (D-MI) | Referred to Committee on Homeland Security and Governmental Affairs | Prediction Market Trading Restriction |
| Federal | H.R.8076 | Nikki Budzinski (D-IL) | Referred to Committee on Oversight, House Admin, Judiciary | PREDICT Act |
| Federal | S.4226 | Jeff Merkley (D-OR) | Referred to Committee on Agriculture, Nutrition, and Forestry | STOP Corrupt Bets Act |
| Federal | H.R.8123 | Jamie Raskin (D-MD) | Referred to House Committee on Agriculture | STOP Corrupt Bets Act |
| Federal | H.R.8148 | Seth Moulton (D-MA) | Referred to House Committee on Agriculture | Prediction Market RISK Act |
| Federal | H.Res.1248 | Dina Titus (D-NV) | Referred to Committee on Ethics, Judiciary, Oversight | House Resolution on PM Trading Ban |
| Federal | H.R.8771 | Richie Torres (D-NY) | Referred to House Committee on Agriculture | Campaign Event Contract Integrity Act |
| Federal | S.4555 | Britt, Katie | Introduced to Senate Committee on Commerce, Science, and Transportation | GAME Act |
| Federal | H.R.8800 | Mike Rogers (R-MI) | Referred to House Committee on Armed Services | NDAA FY2027 |
| Federal | H.R.8838 | Eugene Vindman (D-VA) | Referred to House Committee on House Administration | Congressional Prediction Market Ban Act of 2026 |
| Federal | H.R.8970 | Dan Goldman (D-NY) | Referred to House Committee on Energy and Commerce | Gambling Disorder Health Study Act |
| Federal | S.4469 | McCormick, Dave | Referred to Senate Committee on Agriculture, Nutrition, and Forestry | Prediction Market Act of 2026 |
| Federal | H.R. 7004 | Torres, Richie | Referred to the Committee on Oversight and Government Reform, | Public Integrity in Financial Prediction Markets Act of 2026. To prohibit a covered individual from engaging in covered transactions involving prediction market contracts, and for other purposes. 42 co-sponsors. |
| Federal | H.R. 7477 | Titus, Dina | Referred to the House Committee on Agriculture | Fair Markets and Sports Integrity Act. Ban event contracts on casino games & sports |
| Federal | H.R. 7840 | Moore, Blake | Referred to the House Committee on Agriculture | The Event Contract Enforcement Act, prohibit event contracts based on sports, terrorism, assassination, war, or illegal activity. The bill includes a clause to allow states to opt out of the sports event contract ban if they so choose. Co-sponsor Rep Salud Carbajal (D-CA) |
| Federal | Amendment #032 to H.R. 7567 | Vasquez, Gabe | Blocked in committee | DCMs cannot offer event contracts or swaps on sporting events or casino-style games. |
| Federal | S. 4035 | Schiff, Adam | Referred to Senate Committee on Agriculture, Nutrition, and Forestry | DEATH BETS Act (“Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act”). Adds war and death to list of prohibited contracts. |
| Federal | S. 4115 | Murphy, Chris | Referred to the Committee on the Judiciary | Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act. Ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. |
| Federal | H.R. 7955 | Casar, Greg | Referred to the Committee on the Judiciary, and in addition to the Committees on Agriculture, and Financial Services | Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act. Ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. |
| Federal | S. 4160 | Schiff, Adam | Referred to the Committee on Agriculture, Nutrition, and Forestry | Prediction Markets Are Gambling Act; ban sports contracts & casino-style games. So-sponsors: John Curtis (R-UT) & Catherine Cortez Masto (D-NM) |
| Federal | S. 4188 | Slotkin, Elissa | Referred to the Committee on Homeland Security and Governmental Affairs. | prohibit a covered individual from engaging in covered transactions involving prediction market contracts, |
| Federal | H.R. 8076 | Budzinski, Nikki | Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary | Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act (PREDICT Act). Ban members of Congress from participating in prediction markets related to political events or policy decisions. The ban would also extend to dependents and spouses of lawmakers, senior congressional staff, political appointees, the president, vice president and all senior executive branch employees, including special government employees. Implements a fine to violators of 10 percent of the value of violating transactions, plus force any profits from those transactions to go to the U.S. Treasury. Nine republicans co-sponsoring. |
| Federal | S. 4226 | Merkely, Jeff | Referred to the Committee on Agriculture, Nutrition, and Forestry. | STOP Corrupt Bets Act. (Stop Trading On Predictions and Corrupt Bets Act of 2026) Second Merkeley bill. |
| Federal | H.R. 8123 | Raskin, Jamie | Referred to the House Committee on Agriculture | STOP Corrupt Bets Act. (Stop Trading On Predictions and Corrupt Bets Act of 2026) |
| Federal | H.R. 8148 | Moulton, Seth | Referred to the House Committee on Agriculture. | Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act (Prediction Market RISK Act). |
| Federal | S. Res. 708 | Moreno, Bernie | Passes Senate 4/30/2026 | Resolution will modify the standing rules in the Senate to prohibit Senators from entering into any financial deal where the outcome depends on whether a specific event does or does not happen. |
| Federal | Amendment #02 to S. Con. Res. 33 | Titus, Dina | No vote on amendment | Allows for provisions requiring operators of prediction markets, including those offering event contracts on sports, to contribute funding for problem gambling prevention, treatment, and research. |
| Federal | Amendment #03 to S. Con. Res. 33 | Titus, Dina | No vote on amendment | Creates a point of order against considering any bill or joint resolution, or amendment thereto or conference report thereon, that would not prohibit individuals under the age of 21 from trading on prediction markets. |
| Federal | Amendment #04 to S. Con. Res. 33 | Titus, Dina | No vote on amendment | Allows for provisions prohibiting event contracts on sports. |
| Federal | H. Res. 1248 | Titus, Dina | Referred to the Committee on Ethics, and in addition to the Committees on the Judiciary, and Oversight and Government Reform | Resolution to modify House rules to prohibit members & staff from trading on prediction markets. Also calls on Executive & Judicial branches to do the same. |
| Federal | H.R. 8771 | Torres, Richie | Referred to the House Committee on Agriculture. | Campaign Event Contract Integrity Act. Require platforms to implement compliance systems designed to detect and prevent prohibited trading, monitor suspicious activity, maintain investigative records, and report violations to CFTC. Moulton co-sponsoring. |
| Federal | H.R. 8800 | Rogers, Mike | Referred to the House Committee on Armed Services. | National Defense Authorization Act for Fiscal Year 2027. Language in a draft would require the Secretary of Defense to develop regulations prohibiting participation in prediction markets related to certain national securitytopics. |
| Federal | H.R. 8838 | Vindman, Eugene | Referred to the House Committee on House Administration. | Congressional Prediction Market Ban Act of 2026. Creates a congressional PM trading ban with fines. |
| Federal | H.R. 8970 | Goldman, Dan | Referred to the House Committee on Energy and Commerce. | Gambling Disorder Health Study Act. Creates a multi-year investigation into gambling disorders, and lumps PMs in with gambling. Co-sponsor: Blake Moore (R-UT) |
| State | HB 869 KY | Bowling, Adam | Signed into law by Governor | Licensee restriction on sports event contracts |
| State | SF 4760 MN | Latz, Ron | Signed into law by Governor Waltz. | Omnibus Public Safety policy bill |
| State | HB 2079 TN | Littleon, Mary | Signed into law by Governor | Prediction market manipulation ban |
| State | SB 1992 TN | Haile, Ferrell | Signed into law by Governor | Prediction market manipulation ban |
| State | HB 243 UT | Elison, Joseph | Signed into law by Governor | Proposition bets ban |
| State | AB 1840 CA | Sanchez, Kate | Referred to Committee on Elections; author cancelled committee hearing twice. | Official PM use prohibition |
| State | AB 2617 CA | Schiavo, Pilar | Re-referred to Committee on Governmental Organization | Protecting Our Kids from Gambling Addiction Act |
| State | HB 5038 CT | Lamont, Ned | Not passed before adjourning; will not become law. | Under-21 PM advertising/use ban |
| State | HB 2198 HI | Matayoshi, Scot | Not passed before adjourning; will not become law. | PM gambling definition |
| State | SF 2470 IA | Klimesh, Mike | Not passed before adjourning; will not become law. | PM permit and taxes |
| State | HB 5059 IL | González, Edgar | Referred to Rules Committee; not passed before adjournment but theoretically could pass before January 2027 | Age and market limits |
| State | SB 4168 IL | Michael Hastings (D-19) | Referred to Assignments; not passed but could pass before Jan 2027 | Prediction Markets Regulation and Taxation Act |
| State | SB 3019 IL | Celina Villanueva (D-12) | Passed by legislature; governor expected to sign | Transaction tax on exchange wagers |
| State | SF 4511 MN | Marty, John | Not passed before adjourning; will not become law. | Felony PM operation ban |
| State | HF 4437 MN | Greenman, Emma | Not passed before adjourning; will not become law. | PM contracts ban |
| State | HB 1171 NC | Harrison, Pricey | Referred to Committee on Rules, Calendar, and Operations of the House | Outlaw prediction markets |
| State | S3692 NJ | Turner, Shirley | Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee | Prohibits certain PMs; authorizes athletic event markets |
| State | A9251 NY | Vanel, Clyde | In Committee on Consumer Affairs and Protection | ORACLE Act companion |
| State | A9635 NY | Steck, Phil | Assembly Committee on Governmental Operations | Public official PM use restriction |
| State | SB 8889 NY | Cooney, Jeremy | In Senate Banks Committee | PM licensing requirement |
| State | S9414 NY | Joseph Addabbo Jr. (D-15) | Reported favorably from Racing, Gaming and Wagering; sent to Finance Committee | ORACLE Act |
| State | SB 430 OH | DeMora, William P | Referred to Select Committee on Gaming | Sports event contract tax framework |
| State | HB 887 OH | Brennan, Sean | Referred to Committee on General Government | Ohio Public Employee Event-Wagering Ethics Act |
| State | HB 2497 PA | Burgos, Danilo | Referred to House Committee on Gaming Oversight | Event Market Regulatory Act |
| State | SR 276 PA | Williams, Lindsey | Referred to Senate Committee on Banking & Insurance | Resolution urging Congress to ban insider trading and betting in PMs |
| State | Khan-memo PA | Tarik Khan (D-194) | Not introduced, recruiting co-sponsors | Stopping Insider Trading on Prediction Markets |
| State | SJR 504 SD | Crabtree, Casey | Effectively killed in committee. | Online gaming constitutional amendment |
| State | HB 271 VA | Krizek, Paul | Passed By Indefinitely (effectively killed) in Senate Finance & Appropriations Committee’s Subcommittee on Resources | PM study mandate |
| State | SB 195 VA | Aird, Lashrecse | Incorporated into SB 609 | PM study mandate |
| State | SB 609 VA | Lucas, Louise | Failed to Pass from conference | PM study mandate |
| State | H.913 VT | Stevens, Thomas | House Committee on Government Operations and Military Affairs | PM ban on sports, politics, disasters, war, death |
| State | SB4168 IL | Hastings, Michael | Referred to Assignments; not passed before adjournment but theoretically could pass before January 2027 | Prediction Markets Regulation and Taxation Act |
| State | SB3019 IL | Villanueva, Celina | Passed by state legislature; governor is expected to sign. | Revenue portion of state budget package. In addition to all other taxes and payments owed under this Act, any wagers offered under this Act shall be subject to incur a transaction tax equal to the 1.75% of each exchange wager. After the first five million exchange wagers conducted by a licensee during a fiscal year, the transaction tax imposed under this subsection shall increase to 3.5% of each exchange wager. |
| State | HB 904 KY | Koch, Matt | Governor vetoes bill; Both houses of legislature override veto and pass into law. | Prohibition on PM affiliation for racing/sports wagering licensees |
| State | HB 757 KY | Petrie, Jason | Governor vetoes bill; Both houses of legislature override veto and pass into law. | Transaction fee tax on PM operators |
| State | S 9414 NY | Addabbo, Joseph | Reported favorably from Senate Committee on Racing, Gaming and Wagering, and sent to Finance Committee | Oversight and Regulation of Activity for Contracts Linked to Events (ORACLE). Companion to A9251. |
Referred to Com. on ELECTIONS.→Heard in committee, held under submissionIntroduced→Referred to Com. on ELECTIONS.Passed Senate→Passed by state legislature; governor expected to sign.In Committee→Reported favorably from Senate Committee on Racing, Gaming and WageringReferred to Committee→In CommitteeIntroduced→Referred to Committee on Rules, Calendar, and Operations of the House—→Introduced