Policy & Ethicsprediction marketssports bettingkalshipolymarket
Senators Introduce Prediction Markets Gambling Ban
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9.2
Senators Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced a bill on Monday to ban prediction markets such as Kalshi and Polymarket from accepting or listing transactions tied to sporting events and casino-style games. The bill would bar CFTC-registered entities from offering such contracts, citing state consumer protections and tribal sovereignty. It could shift oversight to states and affect platforms' trading volumes and valuations.
Scoring Rationale
Bipartisan federal legislation targets major platforms, raising regulatory impact; score limited by narrow focus on sports and casino-style contracts.
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