summary
Introduced
02/05/2026
02/05/2026
In Committee
03/27/2026
03/27/2026
Crossed Over
Passed
Dead
06/01/2026
06/01/2026
Introduced Session
104th General Assembly
Bill Summary
Amends the Sports Wagering Act. Provides that "sports wagering" also includes participation in any prediction market involving a sports event or any portion of a sports event, or the individual performance statistics of athletes in a sports event, including the offering, listing, solicitation, purchase, sale, trading, exchange, or settlement of any event contract, sports-event contract, or other contract, agreement, or transaction, whether described as a derivative, option, binary contract, or similar instrument, in which a person risks something of value on the occurrence, nonoccurrence, or outcome of such sports event or any portion of a sports event or athlete performance statistics; such activity constitutes sports wagering regardless of whether the contract, agreement, or transaction is entered into on a peer-to-peer basis, whether participants take positions against one another rather than against the operator, whether the operator is not a counterparty to the transaction, or whether the operator describes the activity as an investing opportunity, exchange, marketplace, or prediction market.
AI Summary
This bill amends the Sports Wagering Act to broaden the definition of "sports wagering" to explicitly include participation in any "prediction market" related to sports events. A prediction market, in this context, involves trading contracts or agreements based on the outcome of a sports event, individual athlete statistics, or any portion of a sports event. This expanded definition covers various types of transactions, such as derivatives, options, or binary contracts, where individuals risk something of value on these outcomes. Importantly, this classification as sports wagering applies regardless of how the transaction is structured, whether it's directly between participants (peer-to-peer), if participants bet against each other rather than the operator, if the operator isn't a direct party to the transaction, or if the activity is described as an investment, exchange, marketplace, or prediction market.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/27/2026)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Sports and Gambling Regulation
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/Legislation/BillStatus?DocNum=5142&GAID=18&DocTypeID=HB&SessionID=114&GA=104 | 02/05/2026 |
| BillText | https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=208090&DocName=10400HB5142&DocNum=5142&DocTypeID=HB&LegID=166744&GAID=18&SessionID=114&SpecSess=&Session= | 02/10/2026 |
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