Senators Push Bill to Ban Sports Prediction Bets
A bipartisan group of U.S. senators is preparing legislation aimed at stopping prediction market platforms from offering contracts tied to sporting events and certain gambling-style activities. The proposal reflects growing tension between federal regulators and state authorities over how these platforms should operate. Senators Adam Schiff of California and John Curtis of Utah plan to introduce the bill, which would amend the Commodity Exchange Act. The measure targets companies overseen by the Commodity Futures Trading Commission (CFTC), including platforms such […] The post Senators Push Bill to Ban Sports Prediction Bets appeared first on World Casino News.
A bipartisan group of U.S. senators is preparing legislation aimed at stopping prediction market platforms from offering contracts tied to sporting events and certain gambling-style activities. The proposal reflects growing tension between federal regulators and state authorities over how these platforms should operate. Senators Adam Schiff of California and John Curtis of Utah plan to introduce the bill, which would amend the Commodity Exchange Act. The measure targets companies overseen by the Commodity Futures Trading Commission (CFTC), including platforms such […]
The post Senators Push Bill to Ban Sports Prediction Bets appeared first on World Casino News.
