My Prediction Markets Security and Integrity Act would require prediction markets to ensure that all bets clearly and conspicuously state the conditions under which they are decided, and that the prediction markets ultimately take responsibility for decisions.
Introduce and support legislation to require prediction markets to clearly state bet conditions and take responsibility for resolving outcomes.
Occurrences
Evidence
Blumenthal said, 'My Prediction Markets Security and Integrity Act would require prediction markets to ensure that all bets clearly and conspicuously state the conditions under which they are decided, and that the prediction markets ultimately take responsibility for decisions.' The release says he pressed the CFTC about fair resolution of disputed prediction-market bets and attached a letter seeking answers.
The bill text shows that Mr. Blumenthal, for himself and Mr. Kim, introduced a bill to provide national safeguards to prevent abuse and fraud in online prediction markets, protect consumers, and return oversight to states; it was read twice and referred to committee.
Assessments
The promise was to introduce and support legislation requiring prediction markets to clearly state bet conditions and take responsibility for resolving outcomes. The evidence shows Blumenthal publicly backed that exact policy, pressed the CFTC on disputed bets, and introduced the Prediction Markets Security and Integrity Act of 2026 with language matching the commitment. Because the promised action was introduction/support of legislation rather than enactment, passage is not required for full delivery.