Attorney General: investigations: prediction market wagering.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Governmental Organization
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the California Attorney General to investigate payouts of $5,000 or more from prediction market wagering when the event being predicted relates to national security. It amends existing state law to include this specific investigative requirement. The bill makes a technical adjustment to the Government Code, clarifying the Attorney General’s authority in these circumstances. It does not fundamentally alter existing state sovereignty provisions.
Key provisions
- The Attorney General must investigate payouts of $5,000 or more from prediction market wagering.
- This investigation applies only when the event being predicted is related to national security.
- The bill amends Section 100 of the Government Code to reflect this new investigative duty.
- The bill adds Section 15006.5 to the Government Code.
Who is affected
- California Attorney General’s Office
- Individuals participating in prediction markets
- Entities operating prediction markets
- Government agencies involved in national security
Notable changes
- Adds a specific investigative trigger related to national security outcomes in prediction markets.
- Clarifies the Attorney General’s role in investigating payouts from prediction markets.
Bill text
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Sponsors
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1 on record
Primary sponsor
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