Bill Status of HB5059

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HB5059 - 104th General Assembly

ORACLE ACT
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Edgar González, Jr.
Statutes Amended In Order of Appearance
New Act
Synopsis As Introduced
Creates the Oversight and Regulation of Activity for Contracts Linked to Events (ORACLE) Act. Prohibits a prediction market platform provider from permitting any consumer under the age of 21 to register or to open any speculative position on a prediction market. Requires a prediction market platform provider to exclude certain individuals from participation in a prediction market platform. Prohibits certain types of prediction markets. Requires providers to implement and adhere to responsible gaming measures. Sets forth advertising restrictions, restrictions on credit-based products and gift certificates, and restrictions on market making. Requires prediction market platform providers to implement commercially reasonable and technically feasible measures to detect and prevent any fraud or manipulative conduct. Establishes penalties for violation of the Act. Provides that the Attorney General may adopt rules to implement and administer the Act. Contains a severability clause.
Actions
Date Chamber Action
2/04/2026 House Filed with the Clerk by Rep. Edgar González, Jr.
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee
3/04/2026 House Assigned to Gaming Committee
3/27/2026 House Rule 19(a) / Re-referred to Rules Committee