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Senator Cruz plans post-midterm bill giving states control over sports prediction contracts, This Week in Gambling reports
- Senator Cruz plans post-midterm bill giving states control over sports prediction contracts, This Week in Gambling reports — This Week in Gambling reported Senator Ted Cruz plans to introduce legislation after the November 3 midterms that would bar prediction market operators from offering sports-related contracts without state or tribal approval. The report noted Texas and California account for an estimated 43 percent of Kalshi trading volume, while 19 states without legal online sports betting account for 69 percent of its activity. (This Week in Gambling)
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