S. 4469
The Prediction Market Act of 2026 (S. 4469) proposes changes to the Commodity Exchange Act to establish a regulatory framework for event contracts. These contracts are agreements that pay out based on the outcome of specific events, such as sports games or elections. The bill introduces clear definitions for terms like 'event contract' and 'occurrence,' and mandates that such contracts be offered on designated market platforms. It grants the Commodity Futures Trading Commission (CFTC) the authority to review and approve these contracts individually, with the power to reject those deemed contrary to public interest, including those related to illegal activities or violence. Additionally, the bill sets enhanced requirements for market participants to ensure compliance with the new regulations.