Preventing minors from gambling and ensuring compliance

(a) Prohibition An operator of an online prediction market may not allow any individual younger than 21 years of age to register to use the online prediction market or engage in any wager using the online prediction market. (b) Age, identity, and location verification Each operator of an online prediction market shall— (1) establish and maintain a program to identify the full name and location and establish the age of each user of the online prediction market; (2) ensure that— (A) each new account on the online prediction market is verified under the program established under paragraph (1); and (B) each existing account on the online prediction market may not be used until verified under the program established under paragraph (1); (3) ensure that individuals who attempt to register for an online prediction market are not otherwise restricted from placing wagers, such as due to economic sanctions, self-exclusion lists, or conflict of interest rules promulgated by the Department of Justice; and (4) ensure that, in the event that a user of the online prediction market changes locations to a different State, the operator of the online prediction market complies with the regulations of the State the user is located in. (c) Ban on advertising to individuals younger than 21 years of age An operator of an online prediction market may not— (1) advertise to any individual younger than 21 years of age; (2) use branding that would target any individual younger than 21 years of age; or (3) place ads in online or physical locations where the majority of viewers or participants would be presumed to be younger than 21 years of age.