Bill bans prediction markets from big stock exchanges.
H.R. 9856 — Prediction Markets Are Gambling Act · Filed by Steven Horsford (D-NV) · 3 cosponsors · Introduced Jul 22, 2026 · Referred to committee
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What it does
The bill stops prediction markets from being listed on registered exchanges. It also stops event contracts tied to sports and casino games from trading there. It does not change state laws. The ban applies to all new contracts made after the bill becomes law.
Who it affects
The bill affects traders and companies that use prediction markets. It may protect some people from risky financial bets. But it may push trading to unregulated markets with less protection.
One thing to notice
The bill bans these contracts from registered exchanges. It does not ban the contracts themselves, so trading may move underground.
From the analysis of the bill text, linked under Primary records below.
Where it stands
3 cosponsors: 2 Republicans, 1 Democrats.
- Jul 22, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 22, 2026 — Referred to House Committee on Agriculture · Congress.gov: “Referred to the House Committee on Agriculture”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- prediction markets — Places where people trade contracts based on future event outcomes.
- registered exchanges — Official stock markets and trading platforms that follow federal rules.
- event contracts — Agreements that pay out money based on whether a specific event happens.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,704 characters) on Jul 23, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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