US Senators introduce bipartisan bill to ban sports betting on prediction markets

The bill would amend the Commodity Exchange Act to ban prediction contracts related to sports events or casino-style games. A bill introduced in the Senate few days ago would ban prediction markets like Kalshi and Polymarket from accepting or listing transactions related to sports events and casino-style games. The bill, co-sponsored by Sens. Adam Schiff, D-Calif., and John Curtis, R-Utah, is the first bipartisan legislation...