US bipartisan lawmakers propose requiring facial age verification for prediction markets

Odaily Planet Daily reports: U.S. bipartisan lawmakers have proposed a bill requiring prediction market platforms to conduct age verification through facial scanning before users log in or open positions, preventing minors from accessing related platforms using their parents' or relatives' accounts.

The bill is led by U.S. Representative Josh Gottheimer, with eight additional bipartisan lawmakers co-sponsoring it. The relevant technology estimates a user's age by analyzing facial structure and features. The sponsors stated that no identity or biometric information will be stored.

An evaluation by the U.S. National Institute of Standards and Technology shows that the average error of six age estimation algorithms is approximately 3.1 years, with errors typically higher for female faces than for male faces. The full text of the bill, along with details on the implementing agency, penalties, effective date, and user appeal procedures, has not yet been released.