Support the Prediction Markets Security and Integrity Act to establish federal consumer protections for prediction markets, return regulatory authority to states, and restrict dangerous or unethical betting markets.

The Prediction Markets Security and Integrity Act addresses these issues by establishing federal consumer protections and returning regulatory authority to the states. The Prediction Markets Security and Integrity Act is cosponsored by U.S. Senator Andy Kim (D-NJ).

A Blumenthal press release states that Andy Kim cosponsored the Prediction Markets Security and Integrity Act, which would regulate prediction markets through federal consumer protections and state authority.

[2026-03-13] Senator Blumenthal: Week in Review 3/6/2026-3/13/2026 |...
secondary · other · model gpt-5.5

Business Insider reported that Sen. Richard Blumenthal introduced the Prediction Markets Security and Integrity Act in March 2026; it would ban insider trading, require age verification for users under 21, restrict AI targeting of gamblers, and open prediction-market platforms to state laws. The article also stated that none of the bills were close to becoming law.

The promised bill existed and matched the claim's consumer-protection and state-authority goals, but it had not been enacted as of the report.

partial same_term A for effort

Here are the 7 ways lawmakers are trying to tackle the prediction market boom
secondary · model gpt-5.5 · confidence 82%

CT Insider reported that Blumenthal announced the Prediction Markets Security and Integrity Act and described it as establishing federal consumer protections, allowing states to regulate prediction markets like gambling, banning dangerous and unethical bets, addressing gambling addiction and predatory advertising, and protecting consumers from fraud.

This directly matches the policy contents of the promise, but the evidence describes introduction of a bill rather than enactment.

partial same_term A for effort

Did insiders profit off U.S. strike on Iran? Connecticut Sen. Murphy flags $100,000-winning bets
secondary · model gpt-5.5 · confidence 80%

The Wall Street Journal reported that Sen. Richard Blumenthal introduced legislation with Sen. Andy Kim to ban prediction markets related to war or military action. The article also quoted Kim saying corruption and exploitation were thriving in prediction-market loopholes.

Kim took concrete Senate action on a core part of the promise: restricting dangerous or unethical prediction markets involving war and military action.

partial same_term A for effort

White House Warns Staff Not to Place Bets on Prediction Markets Amid Iran War
secondary · model gpt-5.5 · confidence 76%

AP reported that the Senate unanimously approved a bipartisan rules resolution banning senators and staff from participating in prediction markets, effective immediately after a voice vote.

This delivered a narrower ethics restriction on Senate participation in prediction markets, but it did not establish the broader federal consumer-protection and state-regulatory framework in the promised act.

partial same_term

Senate bans its own members and staff from betting in prediction markets
secondary · model gpt-5.5 · confidence 72%

Business Insider reported that several federal prediction-market bills had been introduced, including the Prediction Markets Are Gambling Act, but none had passed yet. It also reported that the CFTC sued Minnesota after the state enacted its own prediction-market ban.

As of late May 2026, broader federal legislation had not passed and the state-versus-federal regulatory conflict remained unresolved.

never same_term A for effort

Prediction markets face a ban in one state, but the fight's not over
secondary · model gpt-5.5 · confidence 74%

Investor's Business Daily reported that the CFTC sued Arizona, Connecticut, and Illinois over state efforts to regulate event contracts, asserting exclusive federal jurisdiction over prediction markets under the Commodity Exchange Act.

This shows the promised return of regulatory authority to states had not occurred; federal regulators were still asserting exclusive jurisdiction.

never same_term

CFTC Sues Illinois, Arizona, Connecticut Over Prediction Market Oversight
secondary · model gpt-5.5 · confidence 68%