The bill, “The Prediction Markets Are Gambling Act,” would clarify that, under US law, no CFTC-registered entity can list a contract that closely resembles a sports bet or a casino-style game.
Senators Adam Schiff (D-CA) and John Curtis (R-UT) introduced a bill on Monday that would ban prediction markets (such as Kalshi or the US platform for Polymarket) from listing sports bets or casino-style games (like slot machine games, blackjack, etc.) on their platforms.
It’s the first
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