Sponsors (2)
The bill reduces Americans' exposure to gambling-like financial contracts and lowers legal risk for exchanges, but it also curtails related market innovation and revenue and risks driving demand into unregulated, higher-risk venues.
Retail and institutional investors face fewer highly speculative contracts tied to sports outcomes or casino-style games, reducing consumers' exposure to gambling-like market products.
Clearinghouses and exchanges avoid offering products that resemble gambling, lowering their legal and reputational risk and likely reducing compliance and oversight costs over time.
Wagering- or gaming-linked activity could move to unregulated or offshore platforms, increasing counterparty, fraud, and consumer-protection risks for Americans who seek those products.
The restriction limits the creation of new financial products tied to sports statistics or simulated gaming, reducing innovation and potential hedging tools for businesses and bettors.
Exchanges, clearinghouses, and related service providers may lose potential revenue opportunities from offering licensed sports- or gaming-linked derivatives.
Based on analysis of 2 sections of legislative text.
Introduced February 10, 2026 by Alice Costandina Titus · Last progress February 10, 2026
Prohibits registered entities under the Commodity Exchange Act from listing, facilitating, or clearing any agreement, contract, or transaction that is based on, references, derives value from, or otherwise involves any sporting event, athletic competition, or casino-style game. The text also defines the covered activities and gives examples of "casino-style games" and of what counts as a "sporting event or athletic competition." One section only designates an official short title and creates no substantive policy or spending changes.