The Hill
Sens. Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced a bill Monday that would ban prediction markets from listing sports bets or casino-style games on their platforms.
The Prediction Markets Are Gambling Act would block entities that are regulated by the Commodity Futures Trading Commission (CFTC), like prediction markets, from allowing wagers on sporting events or games traditionally found in casinos.
The measure comes amid a growing dispute between state and federal regulators over the platforms and whether they have to follow state gambling laws.
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