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JUST IN: A bipartisan bill in the United States seeks to close a key avenue for platforms like Kalshi and Polymarket to offer contracts linked to sports and casino style games.
The proposal opens a new regulatory front regarding prediction markets, their relationship with traditional betting, and the scope of federal control versus state laws.
Senators Adam Schiff and John Curtis introduced the initiative to prohibit sports betting and casino style games on Kalshi and Polymarket.