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HI HB2198
Bill
Status
Engrossed
3/10/2026
Primary Sponsor
Scot Matayoshi
Click for details
AI Summary
- Expands Hawaii's definition of "gambling" under Section 712-1220 of the Hawaii Revised Statutes to include prediction market contracts on specific event categories
- Prohibits financial speculation on outcomes related to catastrophe (war, disasters, terrorism, public health crises), death (including assassination and mass casualty events), and national security matters
- Bans prediction markets on political outcomes including federal, state, and county elections, as well as legislative actions such as bill passage, amendments, or vetoes
- Prohibits betting contracts on sports events, contests, and outcomes relating to events happening to specific individuals
- Effective date set for July 1, 3000, with provisions to preserve amendments when Section 712-1220 is reenacted on July 1, 2029 per Act 249, Session Laws of Hawaii 2024
Legislative Description
Relating To Prediction Markets.
Gambling
Last Action
Referred to CPN/EDT, JDC/WAM.
3/12/2026
Committee Referrals
Commerce and Consumer Protection3/12/2026
Judiciary & Hawaiian Affairs2/13/2026
Consumer Protection & Commerce1/30/2026
Full Bill Text
No bill text available