Now, from horse racing to sports betting and now prediction markets.

Gaming options for Kentucky adults are ever changing.

As our June Leffler reports, House Bill 904 is this year's gambling omnibus bill, and it touches every kind of bet you can imagine.

Three years ago, sports betting became legal in the Commonwealth.

Now, lawmakers offer some updates.

We would raise the age in sports wagering from the age of 18 to 21 to participate.

Sponsors of House Bill 904 say the public requested this.

I like that I've seen some youngsters get.

Deep in and think that's a good change.

Other sports betting changes.

And we would ban prop bets on in-state college athletes.

So if you or you could not any longer bet on a Kentucky a Western Kentucky University players individual statistics going forward.

Another kind of betting prediction markets run by companies like Polly Market and Koski.

I had a question from a constituent.

Can somebody run a betting on elections?

Yes.

Prediction market companies are offering wagers or derivatives swap contracts as they would tell you on election outcomes.

On whether overturning of dictatorships in foreign countries like the Venezuela issue, and probably on things related to other things going on in geopolitics around the world right now.

House Bill 904 is Kentucky's first crack at prediction markets.

The bill would tax these markets but not regulate them.

They are regulated at the federal level by the commodity futures trading Commission.

And that agency has said that we are preempted from directly regulating those products, even though they look very much like wagering.

That may change down the road.

Just this week, a federal judge in Ohio ruled that the state can regulate prediction markets, at least when it comes to sports.

Fantasy sports would also be taxed by Kentucky for the first time under House Bill 904, and horse racing operators could soon offer fixed odds betting, which means payout is locked in when the bet is placed.

At the track.

Sure, everybody's been there that you know, you bet a horse it to five or 6 to 1.

By the time the race goes up, goes off, and halfway around, you realize you might win the race and you've seen the odds of dropped and they're 2 to 1.

And like, how could that have happened?

We're just open up another piece.

We can go in and lock in your odds and look at that.

The bill also creates a charitable gaming task force, profits from this gaming go to countless nonprofits, large and small.

This summer, we're going to bring all players into the table and have a very comprehensive conversation about that.

The House Licensing and Occupations Committee passed House Bill 904 with no opposition.

This is the perfect example of good legislating.

You pass a bill, you come back in a year or two years.

Whatever it is, you make updates, you make changes to better serve the constituents of the state of Kentucky.

And I think that's what we're doing right here.

It now heads to the House floor for Kentucky Edition.

I'm John Leffler.