New Jersey State Policy Lab
Economics
Bill Introduced to Regulate Prediction Markets – On June 13th, Senator Nicholas P. Scutari introduced Bill S4447, which would establish a regulatory framework for prediction markets in New Jersey and prohibit markets involving political elections, deaths, mass casualty events, disasters, terrorism, and other catastrophic events. The bill requires prediction market operators to disclose how outcomes are determined, implement safeguards against fraud and insider trading, and report suspicious activity to the Attorney General. Athletic event prediction markets, including sports and horse racing betting, would be permitted only through licensed operators partnered with sports wagering licensees and regulated by the Division of Gaming Enforcement. The legislation imposes a 10% surcharge on prediction market revenues, establishes responsible gaming requirements, creates penalties for unauthorized operators, and prohibits public officials, candidates, and campaign staff from participating in political prediction markets. The bill aims to protect consumers, ensure market integrity, and subject prediction markets to oversight comparable to traditional gambling activities.
https://policylab.rutgers.edu/june-16-2026-new-jersey-state-policy-updates/