US

Bipartisan Bill Would Ban Sports Betting on Prediction Markets

For more than a decade, the Commodity Futures Trading Commission has maintained authority to block contracts tied to gambling, but it recently signaled a shift.
Bipartisan Bill Would Ban Sports Betting on Prediction Markets
An app for Kalshi on a cell phone in Chicago on Feb. 25, 2026. Scott Olson/Getty Images
Jackson Richman
|Updated:
0:00

A bipartisan pair of senators introduced legislation this week aimed at banning sports betting through prediction market platforms such as Kalshi and Polymarket.

Sens. John Curtis (R-Utah) and Adam Schiff (D-Calif.) unveiled the Prediction Markets Are Gambling Act, which would prohibit entities registered with the Commodity Futures Trading Commission (CFTC) from offering prediction contracts that resemble sports bets or casino-style games.

Jackson Richman
Jackson Richman
Reporter
Jackson Richman is a Washington correspondent for The Epoch Times. In addition to Washington politics, he covers the intersection of politics and sports/sports and culture. He previously was a writer at Mediaite and Washington correspondent at Jewish News Syndicate. His writing has also appeared in The Washington Examiner. He is an alum of George Washington University.
twitter