Sens. Schiff and Curtis unveil bipartisan bill to ban sports markets on prediction platforms

Bipartisan proposal targets sports markets

Sens. Adam Schiff (D-Calif.) and John Curtis (R-Utah) are preparing legislation to prohibit sports markets on prediction platforms regulated by the CFTC, according to gamblerss.com.

The outlet describes the proposal as the first bipartisan bill targeting prediction markets. Its stated focus is sports markets, rather than a prohibition on prediction-market trading broadly.

Details remain limited

The report was published Oct 13, 2026, at 12:54 AM ET. The available summary says the senators are preparing the bill; it does not establish that the legislation has been formally introduced.

The source page was unavailable, and the supplied summary is incomplete. Those limitations leave the bill’s precise scope, enforcement provisions and legislative timetable unconfirmed.

What it means for prediction markets

• Sports contracts face a proposed restriction: The reported measure would block sports markets on CFTC-regulated platforms.
• Bipartisan sponsorship is the central development: Schiff and Curtis bring Democratic and Republican backing, but the available material provides no vote count or evidence of broader congressional support.
• Legislative status matters: A proposal under preparation is not an enacted ban. The supplied reporting establishes no immediate change to market availability.