Senators move to ban sports betting on prediction markets like Kalshi, Polymarket — first bill of its kind
Senators move to ban sports betting on prediction markets like Kalshi, Polymarket — first bill of its kind
A bipartisan group of U.S. senators introduced legislation on Monday that would prohibit prediction markets such as Kalshi and Polymarket from offering contracts tied to sports events and casino-style games. The bill would bar any entity registered with the Commodity Futures Trading Commission from listing or facilitating transactions linked to sporting events or athletic competitions....
A bipartisan group of U.S. senators introduced legislation on Monday that would prohibit prediction markets such as Kalshi and Polymarket from offering contracts tied to sports events and casino-style games. The bill would bar any entity registered with the Commodity Futures Trading Commission from listing or facilitating transactions linked to sporting events or athletic competitions....
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