SEC. XXX. PROHIBITION ON CERTAIN EVENT CONTRACTS INVOLVING SPORTS AND CASINO-STYLE GAMES. (a) Amendment to the Commodity Exchange Act.—Section 5c(c)(5)(C) of the Commodity Exchange Act (7 U.S.C. 7a–2(c)(5)(C)) is amended by adding at the end the following: “(v) Prohibition on Sporting and Casino-Style Event Contracts.— (1) No agreement, contract, or transaction relating to any Sporting Event or Athletic Competition or any Casino-Style Game may be listed or made available for clearing or trading on or through a registered entity. (2) In this section: (A) The term ‘Sporting Event or Athletic Competition’ means any live or virtual contest involving physical activity or skill in which individual or teams compete, and performance determines an outcome or statistical result, including amateur, collegiate, or professional sports. (B) The term ‘Casino-Style Game’ means any game traditionally found in casinos, including but not limited to, slot machines, video poker, blackjack, roulette, craps, and other casino style-table games, bingo, lottery, or any simulation thereof.” (b) Effective Date.—The amendments made by this section shall apply to any agreement, contract, or transaction not approved by final written order of the Commission on or before the date of enactment.
Made with FlippingBook - Online catalogs