Briefing: Bill seeks to ban sports bets on prediction markets

On March 23, 2026, a bipartisan Senate bill was introduced with the intent to ban transactions in prediction markets that mimic sports betting activities.

This legislative move could significantly alter the operational framework of prediction markets, which have been utilized for various forecasting purposes.

If enacted, the bill may restrict the capacity of these markets to engage in certain types of betting-like transactions, potentially affecting liquidity and user engagement.