Congress moves to outlaw sports-focused prediction markets
TL;DR Summary
A bipartisan bill introduced by Senators Schiff and Curtis would bar U.S.-regulated prediction-market exchanges (including Kalshi and Polymarket) from listing contracts tied to sporting events and would ban casino-style games on these platforms, signaling a push to keep sports betting under state control as regulators clash with the CFTC and amid recent enforcement actions against Kalshi.
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