Nevada Rep. Dina Titus has introduced federal legislation aimed at stopping sports event contracts offered by prediction market platforms.
Sports contracts have proven controversial across the US, with state gambling regulators trying to block the platforms, which they believe amount to illegal sports gambling.
Titus’ Fair Markets and Sports Integrity Act, introduced on February 10, would amend the Commodity Exchange Act and bar platforms from offering contracts tied to the results of professional or amateur sports contests – a move proponents frame as protecting established gaming regulations and consumer safeguards.
Titus believes more protection is needed, saying in a social media post, “Consumers deserve transparency, accountability, and protections against predatory practices.”
