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Nevada lawmakers introduce bill to bar sports and casino-style prediction contracts

Regulation

Nevada representatives Steven Horsford and Mark Amodei introduced a House bill to prohibit prediction-market contracts based on sports events and casino-style products. The legislation is a companion to a Senate proposal; Horsford said users should receive the same protections regardless of the app they use. The source also says a Netflix documentary on prediction markets is due to premiere on 26 July.

The proposed federal ban could affect prediction-market operators offering sports or casino-style contracts.

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US senators introduce bill to bar officials from profiting on prediction markets

US senators Elissa Slotkin, Todd Young, Adam Schiff and John Curtis introduced the Public Integrity in Financial Prediction Markets Act of 2026, which would prohibit elected federal officials, political appointees and government employees from trading on prediction markets using material non-public information. The proposal authorises fines of $500 or twice the profit, whichever is greater, and requires reports for transactions exceeding $250 within 30 days.

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