Fair Markets and Sports Integrity Act

The Fair Markets and Sports Integrity Act (HR7477) was introduced in the House on February 10, 2026, and subsequently referred to the House Committee on Agriculture. This bill proposes to amend the Commodity Exchange Act to explicitly prohibit registered entities from engaging in transactions involving contracts based on sporting events or casino-style games. As of April 7, 2026, the bill is in its early legislative stage, having only been introduced and referred to committee. This bill does not involve any direct funding or appropriation. Instead, it creates a regulatory prohibition. The mechanism is a direct amendment to the Commodity Exchange Act, which would prevent entities registered under this Act from offering specific types of derivatives. This would eliminate a potential future market for these entities, rather than reallocating existing funds or creating new revenue streams. Structural losers under this proposed legislation would be commodity exchanges such as CME Group Inc. ($CME) and Intercontinental Exchange, Inc. ($ICE), as it would prevent them from expanding into sports and casino-style gaming derivatives. While these companies are not currently heavily reliant on such contracts, the bill would close off a potential growth area. Companies in the sports betting and casino industries, like DraftKings Inc. ($DKNG) and PENN Entertainment, Inc. ($PENN), would also be indirectly affected as it would prevent the development of a regulated derivatives market for their underlying activities, potentially limiting future hedging or investment opportunities related to their core business. Regarding recent market performance, CME Group Inc. ($CME) is currently trading at $308.57, showing a +3.69% change over the last 7 days and a -2.6% change over the last 30 days. Intercontinental Exchange, Inc. ($ICE) is at $166.39, with a +6.02% change over 7 days and a +1.46% change over 30 days. DraftKings Inc. ($DKNG) is at $22.9, with a +9.41% change over 7 days but a -10.05% change over 30 days. PENN Entertainment, Inc. ($PENN) is at $14.66, with a +4.79% change over 7 days and a -5.24% change over 30 days. The bill's current early stage means these recent market movements are not directly attributable to its progression. The next legislative step for HR7477 would be committee consideration and potential markup.