Senators move to ban sports betting on prediction markets like Kalshi, Polymarket — first bill of its kind

A bipartisan Senate duo is introducing legislation that would prohibit prediction markets like Kalshi and Polymarket from letting people bet on sports and casino-style games.The bill set to be introduced Monday would bar any entity registered with the Commodity Futures Trading Commission from listing or facilitating transactions linked to sporting events or athletic competitions. It would also prohibit bets tied to casino-style games, including poker and blackjack.The legislation, co-sponsored by Sens. Adam ...