Connecticut lawmakers are turning their attention to the rapidly expanding world of prediction market platforms with a proposal that would impose stricter age limits and advertising rules.
House Bill 5038, currently under review by the state’s General Law Committee, seeks to raise the minimum age of prediction markets from 18 to 21, aligning these markets more closely with Connecticut’s existing gambling standards.
According to News 8, supporters of the bill in Connecticut argue that younger adults in particular can be easily drawn into frequent trading on event outcomes, which can resemble gambling even when operators frame it as a contract rather than a wager.
