Section 1. Short title

This Act may be cited as the Fair Markets and Sports Integrity Act.

Sec. 2. Prohibitions relating to sporting event and gaming contracts

Section 4c of the Commodity Exchange Act (7 U.S.C. 6c) is amended by adding at the end the following:

(h) Sporting event and gaming contract prohibition

(1) In general

A registered entity may not list for trading, facilitate, or clear any agreement, contract, or transaction that is based on, references, or derives its value from, or otherwise involves—

(A)

any sporting event or athletic competition; or

(B)

any casino-style game.

(2) Definitions

In paragraph (1):

(A) Casino-style game

The term casino-style game means any game customarily offered in casinos or gambling establishments, including slot machines, blackjack, roulette, craps, poker, bingo, lotteries, or any digital or simulated version of such games.

(B) Sporting event or athletic competition

The term sporting event or athletic competition means any live, simulated, or virtual event involving physical or mental skill or athletic performance in which 1 or more participants or teams compete or face a challenge and an outcome, score, or statistical measure is determined, including amateur, intercollegiate, or professional sports.