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Pennsylvania lawmakers propose prediction-market licences with $1m fee

Regulation

Pennsylvania House Bill 2497 proposes a licensing framework for prediction markets in the state. The proposal sets a $1 million initial and annual renewal fee, limits participation to people aged 21 or older and would tax gross wagering revenue at 20%, with an additional 2% local assessment.

Platforms considering Pennsylvania would face proposed licensing costs, age restrictions and wagering taxes if the bill passes.

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Regulation

Pennsylvania lawmakers propose framework as skill game ban approaches on 13 October

Pennsylvania lawmakers have issued matching memoranda proposing a framework to keep skill game machines operating. The outlet said businesses must remove the machines by 13 October 2026, but attributed the underlying ruling to Virginia’s Supreme Court.

Lawmakers in Pennsylvania have released two matching co-sponsorship memoranda, House Memo 49310 and Senate Memo 49312, proposing a regulatory framework to keep skill game machines in operation, according to the memoranda. The proposals come ahead of a removal deadline of 13 October 2026 for businesses hosting the machines.

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