Bipartisan US Lawmakers Propose Requiring Facial Age Verification for Prediction Markets

According to Odaily, bipartisan US lawmakers have introduced a bill requiring prediction market platforms to implement facial scan-based age verification before users log in or open positions, in order to prevent minors from accessing these platforms using their parents' or relatives' accounts.

The bill is spearheaded by US Representative Josh Gottheimer, with eight other bipartisan lawmakers joining as co-sponsors. The relevant technology estimates user age by analyzing facial structure and features. The proposers state that it will not store identity or biometric information.

An evaluation by the National Institute of Standards and Technology shows that the average error of six age estimation algorithms is about 3.1 years, with errors typically higher for female faces than for male faces. The full text of the bill, including enforcement agencies, penalties, effective date, and user appeal procedures, has not yet been released.