The "Facial Recognition to Protect Children Act" mandates that operators of online wagering and prediction market platforms implement commercially available facial recognition technology to verify that all users are over 18 years of age before allowing access or accepting transactions. This requirement aims to prevent underage individuals from participating in such activities. The bill emphasizes data minimization , stipulating that operators may only collect, process, or transfer user data that is reasonably necessary and proportionate for age verification, and must delete any data deemed unnecessary for compliance. The Federal Trade Commission (FTC) is designated as the primary enforcement body, treating any violation of these age verification requirements as an "unfair or deceptive act or practice" under the Federal Trade Commission Act. The FTC is granted powers to enforce these provisions and to promulgate necessary regulations. Beyond age verification, the bill significantly amends the Commodity Exchange Act, introducing new regulations specifically for event contracts . These amendments empower the Commission to determine if certain event contracts are contrary to the public interest, particularly those based on unlawful activities, terrorism, war, violence, or gaming. It also mandates enhanced certification and disclosure requirements for new event contracts, designed to promote retail customer readability, and allows for financial penalties for non-compliance. Furthermore, the bill imposes strict rules on promotional materials for event contracts, prohibiting deceptive content and requiring balanced discussions of risk. Derivatives clearing organizations offering event contracts to non-eligible participants must establish anti-money laundering compliance programs , which include verifying that individual customers are over 18. The bill also outlines rules for the segregation of customer funds and requires disclosures about risks. To further enhance consumer protection and oversight, the legislation establishes an Advisory Council on Consumer Protection and an Office of the Retail Advocate within the Commission, tasked with assisting retail participants and providing recommendations on market integrity and investor protection.