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Senator Ted Cruz plans post-midterm bill requiring state or tribal approval for gambling-related prediction market contracts, TheLines reports
- Senator Ted Cruz plans post-midterm bill requiring state or tribal approval for gambling-related prediction market contracts, TheLines reports — TheLines reported on October 23 that Sen. Ted Cruz plans to announce a prediction markets bill that would ban providers such as Kalshi and Polymarket from offering gambling-type contracts unless approved by a state or tribal government, shifting the decision to state governments. Genuine commodity swaps such as crops or oil would remain under federal jurisdiction, and the report said Cruz could bring the bill to committee as early as November 9 but will more likely wait until January 2027. (TheLines)
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