Lawmakers Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets - WSJ

Lawmakers Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets  WSJ

DraftKings and MGM shares rise as new bill threatens to ban sports gambling on Kalshi, Polymarket

It’s estimated that around 90% of Kalshi’s prediction-market fees revenue has been tied to sports in recent months.

By Weston Blasi

Senators want to ban sports betting on prediction sites like Polymarket and Kalshi: report

Sens. Adam Schiff and John Curtis want to prevent the apps from allowing sports betting as the practice becomes more integrated in professional leagues

By Eric Garcia and Eric Garcia

Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets

Bipartisan bill seeks to ban sports bets on prediction markets: WSJ

Lawmakers Introduce Bipartisan Bill To Ban Sports Betting Via Prediction Markets

Lawmakers Introduce Bipartisan Bill To Ban Sports Betting Via Prediction Markets Lawmakers have never met a market they didn't want to control. And when they can't do that, they try to crush them - sometimes after taking six-figure donations from competing lobbies. To wit; Sens. Adam Schiff (D-CA), and John Curtis (R-UT), on Monday introduced legislation that would prohibit federally regulated prediction-market platforms from offering wagers on sports events, targeting what they...

By Tyler Durden