119th CongressH. R. 8148
Introduced in House
Prediction Market RISK Act
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act or the Prediction Market RISK Act.
SEC. 2. DEFINITIONTrack this section →
The term prediction market contract means any financial instrument, contract, or derivative listed on or offered by a platform engaged in interstate commerce and tied to the occurrence or non-occurrence of a future event, including market-based event contracts.
SEC. 3. CFTC AUTHORITY TO ENFORCE PROHIBITED TRANSACTIONS OCCURRING IN RELATION TO A PREDICTION MARKET CONTRACTTrack this section →
Section 4(c) and section 6(c) of the Commodity Exchange Act (7 U.S.C. 7a–2(c)) apply to illegal trading practices occurring with relation to a prediction market contract.
•HR 8148 IHText from GovInfo