Vermont H 913: An act relating to prohibiting certain prediction markets securities

Bill Text

BILL AS INTRODUCED H.913
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VT LEG #387214 v.1
H.913 1
SHORT FORM 2
Introduced by Representatives Stevens of Waterbury, Arsenault of Williston, 3
Bluemle of Burlington, Branagan of Georgia, Campbell of St. 4
Johnsbury, Chapin of East Montpelier, Headrick of Burlington, 5
Logan of Burlington, Masland of Thetford, Page of Newport 6
City, Pouech of Hinesburg, Scheu of Middlebury, and Sibilia of 7
Dover 8
Referred to Committee on 9
Date: 10
Subject: Recreation and sports; sports wagering; crimes and criminal 11
procedure; gambling and lotteries; regulation of trade; wagering 12
contracts; prohibiting prediction market securities or commodities on 13
the outcome of certain events 14
Statement of purpose of bill as introduced: This bill proposes to amend 13 15
V.S.A. chapter 51 to ensure that the criminal prohibition of wagering activities 16
includes offering prediction market securities or commodities that are 17
contingent on the outcome of events related to sports, contests, natural persons, 18
politics and campaigns, disasters, war, all-hazards, or death. This bill also 19
proposes to amend 9 V.S.A. chapter 101 to ensure that agreements for these 20
contingent securities or commodities are deemed void and subject to civil 21

BILL AS INTRODUCED H.913
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VT LEG #387214 v.1
action for recovery of lost money. This bill also proposes to amend Vermont’s 1
sports wagering statutes to add a per-wager fee of $0.50 for all wagers made 2
through the State’s sports wagering operators. 3
An act relating to prohibiting certain prediction markets securities 4
It is hereby enacted by the General Assembly of the State of Vermont: 5
(TEXT OMITTED IN SHORT-FORM BILLS) 6