Published on: February 11, 2026, 10:43h.
Updated on: February 11, 2026, 10:45h.
- Dina Titus pushes for a congressional ban on sports and casino-style contracts in prediction markets
- Titus faces scrutiny for her bill purportedly supporting Las Vegas casinos
U.S. Representative Dina Titus (D-NV) is encountering opposition from numerous constituents in Nevada after proposing a bill this week aimed at prohibiting prediction markets from offering contracts related to sports and casino-style gambling outcomes.
The U.S. Commodity Futures Trading Commission (CFTC) oversees prediction markets, which act as platforms for trading derivatives, including binary markets and yes/no contracts. Currently, the CFTC policy prohibits these licensed entities from offering “gaming” contracts.
However, during the Trump administration, more lenient approaches were adopted. Recently, CFTC Chair Michael Selig, appointed by Donald Trump last October, instructed his team to rethink the earlier restrictions on political and sports-related contracts.
Through the Fair Markets and Sports Integrity Act, Titus aims to reinstate limitations on CFTC-regulated entities from participating in trades concerning sports or casino-style event contracts. Officially designated as House Resolution 7477, the proposed legislation has been submitted to the House Agriculture Committee.
Backlash Against Titus
After announcing HR7477 on X, where the bill currently lacks any cosponsors, Titus received significant pushback. Critics accused her of attempting to shield her casino benefactors from potential losses attributed to prediction markets.
One reply on X sarcastically noted, “Oh no, the house isn’t profiting, and Polymarket isn’t compensating me. Let’s make it illegal and label it ‘fair.’”
“This bill seems designed to safeguard casino profits rather than protect U.S. citizens,” another comment criticized. “You’re why my generation resents boomers.”
Campaign finance records indicate that casino giants like MGM Resorts, Wynn Resorts, Boyd Gaming, and Caesars Entertainment have substantially backed Titus in her congressional campaigns.
In defense, Titus claims her legislation aims to protect state gaming regulations from federal overreach while ensuring consumer safety.
“Prediction markets should not bypass state gaming regulations. Consumers warrant transparency, accountability, and protection from potentially exploitative practices,” Titus stated.
“This is why I introduced the Fair Markets and Sports Integrity Act, to prevent entities from partaking in transactions involving sports or casino-style event contracts,” she added.
No Casino Contracts in Prediction Markets Yet
So far, prediction markets have not rolled out contracts for casino-style games.
However, if prediction markets argue that the results of sporting events are not considered gambling but rather futures options, could the same rationale apply to the outcomes of slot machine results or whether the next roulette spin is red or black?
Titus is also supporting the FAIR Bet Act, which aims to reinstate the gambling loss deduction to its full 100%, a reduction from the previous 90% implemented in Republicans’ One Big Beautiful Bill. Without this tax benefit restoration, there are concerns that professional gamblers and sports bettors might migrate to prediction markets and offshore gambling operations, where losing bets could have more favorable tax implications.