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Bipartisan Schiff-Curtis bill would ban sports event contracts on prediction markets
- Bipartisan Schiff-Curtis bill would ban sports event contracts on prediction markets — Senators Adam Schiff and John Curtis are set to propose the first bipartisan bill restricting prediction-market platforms from offering sports event contracts, the Wall Street Journal reports. The bill would block CFTC-regulated platforms including Kalshi, Polymarket, Robinhood, Crypto.com and Coinbase from listing sports wagers and casino-style game markets; Kalshi called it a casino-backed push that would drive trading offshore. (GambleRss)
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