Pennsylvania Lawmakers Introduce Bill To Regulate Prediction Markets
A group of 26 Pennsylvania state representatives introduced House Bill 2711 on July 22, 2026, proposing a dedicated legal framework for prediction markets in the state.
The bill, led by Representative Khan, was referred the same day to the House Committee on Consumer Protection, Technology and Utilities.
What The Bill Would Create
HB 2711 would add a new Chapter 20, "Prediction Markets," to Title 4 of the Pennsylvania Consolidated Statutes, the same title that governs the state's casino and gaming law, according to the full text of the bill published by the Pennsylvania General Assembly.
The chapter sets out definitions, age restrictions, participation exclusions, market-making restrictions and rules on material nonpublic information and market manipulation.
Among its provisions, the bill would prohibit so-called "death markets", defined as prediction markets that let a person open a speculative position on the death, assassination or attempted killing of an individual, or on a mass casualty event.
It also sets out enforcement powers, civil penalties, and rulemaking authority for the state to police the new market.
Individual And Platform Liability
The bill separates liability between individual users and the platforms that host prediction markets, with distinct sections covering each.
It also restricts who can act as a liquidity provider or market maker, a role the bill defines as a party that submits both buy and sell offers on a speculative position at set prices.
How It Could Play Out
Speaking to CasinoBeats about the bill, an attorney suggested Pennsylvania's approach to regulating prediction markets could echo the legislative path once taken by daily fantasy sports and, later, sports betting in the state, both of which moved from a legal grey area toward a dedicated licensing framework over several years.
Prediction markets have expanded rapidly in the United States over the past two years, prompting a patchwork of state-level responses as regulators weigh whether the products fall under existing gaming law, commodities rules, or neither.
Pennsylvania's bill would make it among the first states to attempt a purpose-built statute rather than relying on existing gaming or betting law, an approach that could shape how other legislatures with active betting markets respond.
