A new bill introduced in the Senate Monday would ban prediction markets like Kalshi and Polymarket from accepting or listing transactions related to sports events and casino-style games. The bill, co-sponsored by Senator Adam Schiff, D-Calif., and John Curtis, R-Utah, is the first bipartisan legislation introduced in the Senate targeting the rise of sports betting … Read more
WASHINGTON — WASHINGTON (AP) — Rahm Emanuel, a potential 2028 Democratic presidential candidate, is proposing a far-reaching ban on betting in prediction markets by federal employees and their families as part of an effort to call attention to what he says is a culture of corruption gripping the nation’s politics. The proposal, which Emanuel shared … Read more
Democrats call for prediction market reforms after Iran war wagers – CBS News Watch CBS News Popular prediction markets are facing new ethical questions over possible insider trading due to wagers concerning the war in Iran. Democratic Rep. Mike Levin joins “The Takeout” to explain how lawmakers are planning to curb the wagers. Source link
Wagers on popular prediction markets tied to the fate of Iranian Supreme Leader Ayatollah Ali Khamenei and the timing of U.S. military strikes in the country are drawing scrutiny over possible insider trading and the ethics of betting on death. Users of Kalshi and Polymarket have flocked to the platforms in recent weeks to wager … Read more
NEWYou can now listen to Fox News articles! Traders on prediction market platform Kalshi are signaling growing confidence that Texas Attorney General Ken Paxton and Democratic state Rep. James Talarico are on track to secure their parties’ Senate nominations. The Texas primary election is scheduled for Tuesday, with voting opening in the morning and results … Read more