Pennsylvania Bill Would Bar Gambling Operators From Serving as Prediction Market Market Makers
AI Market Summary
Pennsylvania’s proposed HB 2711 would restrict gambling firms and affiliates from serving as prediction-market market makers or liquidity providers, while also tightening eligible contract types and setting a 21+ participation rule. If advanced, the bill could reduce liquidity provision by established operators and constrain revenue-sharing structures, directly affecting DraftKings’ DKeX efforts and similar initiatives by large gaming groups. The proposal is early-stage, pending hearings and votes.
Impact level
● Medium
Affected assets
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AI Insight · NCSKDKNG2USD/USDTAI Insight
● Neutral
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Pennsylvania state Rep. Tarik Khan on July 22 introduced HB 2711, backed by 24 bipartisan co-sponsors—20 Democrats and 4 Republicans—according to Bitcoin.com.
The proposal would prohibit gambling companies and their affiliates from acting as market makers or liquidity providers in prediction markets. It would also require platforms to avoid contracting with gambling businesses or entering revenue-sharing arrangements with them.
HB 2711 sets a minimum participation age of 21 and would ban contracts tied to high school sports, events involving minors, individual health conditions, and so-called "death markets." Enforcement would fall to the state Attorney General.
If enacted, the measure could directly affect established gaming groups such as DraftKings, via its DKeX exchange, and Flutter, both of which have already built market-making operations in prediction markets. The bill has not yet advanced to committee votes or hearings.
