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Code · BILL · 119th Congress · S. 4060 (Introduced in Senate) — To provide national safeguards to prevent abuse and fraud in online prediction markets, prevent underage use of onlin... · Sec. 10

Sec. 10. Enforcement

414 words·~2 min read·/bill/119/s/4060/is/section-10·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Attorney General may bring a civil action for injunctive relief in an appropriate district court of the United States against any person who violates this Act or any regulation promulgated under this Act. Any person who violates this Act or any regulation promulgated under this Act shall be fined not less than $50,000 per violation, imprisoned for not more than 2 years, or both. Nothing in this section shall be construed to limit the authority of the Attorney General under any other provision of law.
In any case in which an attorney general of a State has reason to believe that an interest of the residents of that State has been or is threatened or adversely affected by the violation of this Act or any regulation promulgated under this Act by any operator of an online prediction market, the attorney general of the State may, as parens patriae, bring a civil action on behalf of the residents of the State in an appropriate district court of the United States to enjoin such violation.
Except as provided in clause (iii), the attorney general of a State shall notify the Attorney General in writing that the attorney general of the State intends to bring a civil action under paragraph
(1)not later than 10 days before initiating the civil action. The notification required under clause
(i)with respect to a civil action shall include a copy of the complaint to be filed to initiate the civil action. If it is not feasible for the attorney general of a State to provide the notification required by clause
(i)before initiating an action under paragraph (1), the attorney general of the State shall notify the Attorney General immediately upon instituting the civil action. The Attorney General may— intervene in any action brought by the attorney general of a State under paragraph (1); and upon intervening under clause (i), be heard on all matters arising in the civil action and file petitions for appeal of a decision in the action. If the Attorney General institutes an action under subsection
(a)with respect to a violation of this Act or any regulation promulgated under this Act, a State may not, during the pendency of that action, institute an action under subsection
(b)against any defendant named in the complaint in the action instituted by the Attorney General based on the same set of facts giving rise to the violation with respect to which the Attorney General instituted the action.
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