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teleo-codex/entities/internet-finance/blumenthal-prediction-markets-security-and-integrity-act.md
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2026-05-06 22:39:53 +00:00

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Prediction Markets Security and Integrity Act (Blumenthal)

Type: Federal legislation
Status: Introduced (as of May 2026)
Sponsor: Senator Blumenthal
Domain: Prediction markets, event contracts

Overview

Competing federal legislation to the McCormick-Gillibrand Prediction Market Act. Described as "presumably more restrictive" in scope, suggesting a more cautious or limited approach to prediction market authorization.

Significance

The existence of competing bills signals partisan disagreement on prediction market scope and restrictions, even as the Senate unanimously passed a resolution restricting congressional trading on prediction markets.

Timeline

  • 2026-05-05 — Bill introduced as alternative to McCormick-Gillibrand Prediction Market Act

Sources

  • Lowenstein Sandler FinTech Five, May 5 2026