On July 22, Pennsylvania State Representative Tarik Khan introduced Bill HB 2711, which proposes to prohibit sports betting and gambling companies from acting as liquidity providers or market makers on prediction platforms, and to ban prediction platforms from sharing revenue with gambling enterprises. The bill requires platforms to set a minimum participation age of 21, prohibits markets involving high school sports, underage events, personal health, or death-related outcomes, and assigns enforcement responsibility to the state Attorney General. Additionally, Pennsylvania has a complementary bill, HB 2497, which would require platforms to obtain a license from the Pennsylvania Gaming Control Board and impose a 22% tax.
Pennsylvania Proposes HB 2711 to Ban Gambling Companies from Providing Liquidity in Prediction Markets
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Summary
On July 22, 2026, Pennsylvania State Representative Tarik Khan introduced HB 2711 to prevent sports betting and gambling companies from serving as liquidity providers in prediction markets. The bill prohibits revenue sharing, establishes a minimum age of 21, and bans markets on high school sports, events involving minors, or topics related to health and death. The Attorney General will enforce these regulations. Related bill HB 2497 requires prediction platforms to obtain a license and pay a 22% tax. This on-chain and market news update highlights significant regulatory developments in the sector.
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