By SectorWire desk ·
House Bill 2711 was introduced in Pennsylvania on 22 July by Representative Tarik Khan. The measure, backed by more than 20 co-sponsors, would regulate prediction markets instead of prohibiting them.
The bill proposes a regulated route for prediction markets in Pennsylvania.
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Pennsylvania proposals would introduce prediction-market taxation, PGCB oversight, insider-trading bans and restrictions on bets involving deaths and youth sport.
The proposal would establish state requirements and substantial potential penalties for prediction-market operators.
The bill would establish a state regulatory framework for prediction markets.