Nevada lawmaker Titus introduces Fair Markets and Sports Integrity Act targeting prediction markets

A Nevada member of Congress is taking aim at a fast-growing corner of the financial markets that looks a lot like sports betting.

Rep. Dina Titus, D-Nev., on Monday (February 23) rolled out the “Fair Markets and Sports Integrity Act,” a bill designed to stop federally regulated commodities exchanges from offering contracts tied to sporting events or casino-style games. The proposal was sent to the House Committee on Agriculture, which has jurisdiction over the Commodity Exchange Act.