Lawmakers to Propose Bipartisan Bill Banning Sports Bets on Prediction Markets

Lawmakers are set to introduce a bipartisan bill aimed at prohibiting sports betting on prediction markets like Polymarket and Kalshi. According to BWEnews, the proposed legislation seeks to address concerns over the integrity and regulation of sports betting on these platforms. The bill reflects growing bipartisan support for stricter oversight of prediction markets, which have gained popularity for allowing users to wager on various outcomes, including sports events. The initiative underscores the ongoing debate over the role of prediction markets in the broader gambling landscape.