Senators Adam Schiff and John Curtis introduced bipartisan legislation to prohibit CFTC-registered entities from listing prediction contracts related to sporting events. The bill also seeks to prohibit 'casino-style games' from being listed on these platforms.
Ban the listing of sports prediction market contracts and casino-style games by CFTC-registered entities through federal legislation.
Occurrences
The bicameral bill would ban betting through prediction markets on ... sports ... The STOP Corrupt Bets Act would: Explicitly prohibit event contracts on: ... Sports ... By preventing CFTC-regulated entities from listing or clearing these contracts—except in the narrow case of legitimate commercial hedging—the STOP Corrupt Bets Act would protect markets from manipulation and conflicts of interest.
Representative Jamie Raskin and Senator Jeff Merkley introduced the STOP Corrupt Bets Act to ban prediction market betting on elections, government actions, sports, and military actions.
Evidence
The Senate’s first bipartisan bill seeking to regulate prediction markets would prohibit CFTC-registered entities from listing prediction contracts that resemble a sports bet or casino-style game, including contracts related to sporting events and casino-style games such as slot machine games, video poker, blackjack and bingo.
Hickenlooper and Murphy introduced the BETS OFF Act, legislation to ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome; the bill also amends illegal gambling laws to shut down payment systems to illegal online platforms and impose criminal penalties on operators.
Assessments
The promised federal outcome was a statutory ban on sports prediction market contracts and casino-style games listed by CFTC-registered entities. The evidence shows such legislation was introduced in the Senate in March 2026, but not enacted, so the ban itself was not delivered. Hickenlooper also introduced related prediction-market legislation in the same term, but it targeted war, government actions, terrorism, assassination, and manipulable events rather than the specific sports/casino-style CFTC contract ban. That supports credit for a serious adjacent legislative effort, not fulfillment of the promised outcome.