Fair Markets and Sports Integrity Act

This proposed legislation, known as the Fair Markets and Sports Integrity Act , seeks to amend the Commodity Exchange Act to introduce a significant prohibition. Its primary goal is to prevent entities registered under the Act from engaging in transactions involving contracts related to sporting events or casino-style gaming. Specifically, the bill mandates that a registered entity may not list for trading, facilitate, or clear any agreement, contract, or transaction that derives its value from or otherwise involves any sporting event or athletic competition, or any casino-style game. The legislation provides comprehensive definitions for both categories, ensuring a broad scope of prohibited activities. Casino-style games include traditional casino offerings like slot machines, blackjack, and poker, as well as their digital versions, while sporting events encompass any live, simulated, or virtual competition involving physical or mental skill with a determined outcome.