The bill H.913 aims to amend existing Vermont laws regarding wagering activities by explicitly prohibiting the offering of prediction market securities or commodities that depend on the outcomes of various events, including sports, contests, politics, and disasters. This amendment seeks to strengthen the criminal prohibition against such wagering activities, ensuring that any agreements related to these contingent securities or commodities are considered void. Additionally, the bill introduces provisions for civil action to recover lost money associated with these agreements.

Furthermore, the bill proposes an amendment to Vermont's sports wagering statutes, which includes the implementation of a per-wager fee of $0.50 for all bets placed through the state's sports wagering operators. This fee is intended to regulate and generate revenue from sports wagering activities within the state. Overall, H.913 aims to enhance the regulation of gambling practices in Vermont while addressing the legality of prediction markets.