AB 2446: Attorney General: investigations: prediction market wagering.
This bill requires the attorney general to investigate any payout of $5,000 or more from prediction market wagering if the event outcome was a matter of national security. The existing law already requires the department of justice to maintain a continuing investigation on a statewide basis of investment frauds and business crimes. The new requirement aims to specifically target prediction market wagering payouts related to national security.
| Mar. 24, 2026 | Re-referred to Com. on G.O. |
| Mar. 23, 2026 | From committee chair, with author's amendments: Amend, and re-refer to Com. on G.O. Read second time and amended. |
| Mar. 23, 2026 | Referred to Coms. on G.O. and JUD. |
| Feb. 21, 2026 | From printer. May be heard in committee March 23. |
| Feb. 20, 2026 | Read first time. To print. |
| Amended IN Assembly March 23, 2026 |
| Introduced by Assembly Member Sharp-Collins |
February 20, 2026 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law provides that the sovereignty of the state resides in the people thereof, and all writs and processes shall issue in their name.
This bill would make a nonsubstantive change to these provisions.
The people of the State of California do enact as follows:
SECTION 1.
Section 15006.5 is added to the Government Code, to read:15006.5.
The Attorney General shall investigate any payout of five thousand dollars ($5,000) or more received as a result of prediction market wagering if the event outcome was a matter of national security.(a)The sovereignty of the State of California resides in the people thereof, and all writs and processes shall issue in their name.
(b)The style of all process shall be “The People of the State of California,” and all prosecutions shall be conducted in their name and by their authority.