H.R. 7477 — Fair Markets and Sports Integrity Act

This section prohibits a registered entity from listing for trading, facilitating, or clearing any agreement, contract, or transaction that is based on, references, or derives its value from (1) any sporting event or athletic competition (i.e., any live, simulated, or virtual event involving physical or mental skill or athletic performance in which participants or teams compete or face a challenge and an outcome, score, or statistical measure is determined, including amateur, intercollegiate, or professional sports) or (2) any casino-style game (i.e., any game customarily offered in casinos or gambling establishments, including slot machines, blackjack, roulette, craps, poker, bingo, lotteries, or any digital or simulated version of such games). (Registered entities under the Commodity Exchange Act include designated contract markets such as futures exchanges and swap execution facilities.)