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HB2198Introduced in the House

Relating To Prediction Markets.

EngrossedSenate Commerce and Consumer Protection

Introduced by Scot Matayoshi, District 49

What does this bill do?

Plain-English breakdown

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Official description

Amends the definition of "gambling" to include predictive markets involving the purchase, sale, or financial speculation of securities, commodities, or other similar financial products on the outcome or future contingent event related to catastrophe, contests, death, legislation, national security, people, politics, and sports. Effective 7/1/3000. (HD2)

Where it stands

Referred to CPN/EDT, JDC/WAM.

March 12, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

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Bill history

  1. Pending introduction.

  2. Introduced and Pass First Reading.

  3. Referred to CPC, JHA, referral sheet 5

  4. Bill scheduled to be heard by CPC on Thursday, 02-05-26 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

  5. The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

  6. Reported from CPC (Stand. Com. Rep. No. 264-26) as amended in HD 1, recommending passage on Second Reading and referral to JHA.

  7. Passed Second Reading as amended in HD 1 and referred to the committee(s) on JHA with Representative(s) Gedeon voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka voting no (3) and Representative(s) Chun, Kong, Kusch excused (3).

  8. Bill scheduled to be heard by JHA on Tuesday, 03-03-26 2:00PM in House conference room 325 VIA VIDEOCONFERENCE.

  9. The committee on JHA recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Tarnas, Poepoe, Belatti, Hashem, Kahaloa, Sayama, Takayama, Garcia, Shimizu; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Cochran.

  10. Reported from JHA (Stand. Com. Rep. No. 1108-26) as amended in HD 2, recommending passage on Third Reading.

  11. Forty-eight (48) hours notice Tuesday, 03-10-26.

  12. Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Pierick excused (1). Transmitted to Senate.

  13. Received from House (Hse. Com. No. 377).

  14. Passed First Reading.

  15. Referred to CPN/EDT, JDC/WAM.

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