Hawaii legislature debates bill to classify prediction markets as gambling

Hawaii legislature debates bill to classify prediction markets as gambling

Lawmakers in Hawaii are examining a loophole in gambling laws, as commercials for online gambling are set to air during this weekend’s big game.

Hawaii Advances Bill to Ban Sports Event Contracts

Hawaii is the first state to advance a prediction market ban bill The Hawaii House Committee on Consumer Protection and Commerce unanimously advanced HB 2198 The prohibition will extend to all event contracts relating to sports, contests, people, politics, catastrophe, and death Hawaii became the first state in the nation to successfully advance a bill that seeks to prohibit sports event contracts. The Hawaii House Committee on Consumer Protecti…