Congress mustn’t stay on the sidelines whereas courts, state regulators and the Commodity Futures Trading Commission (CFTC) struggle over the way forward for sports activities prediction markets, the chairman of a House Agriculture subcommittee mentioned Tuesday. The listening to supplied no clear consensus on whether or not sports activities occasion contracts ought to be handled…
Kalshi is backing a brand new bipartisan House invoice that may require on-line sportsbooks and prediction markets to use facial expertise to confirm that clients are sufficiently old to commerce or wager. Rep. Josh Gottheimer (D-N.J.) launched the Facial Recognition to Protect Children Act on Wednesday alongside Kalshi CEO Tarek Mansour and Rep. Tom Suozzi…
A House committee superior a invoice Wednesday that will bar all members of Congress from buying and selling sure prediction market contracts, marking the primary time one of many greater than 20 prediction market-related payments launched this yr has obtained public committee debate and moved ahead. The House Administration Committee voted 5-4 to report the…
House Oversight Committee Chairman James Comer (R-Ky.) requested data from Kalshi and Polymarket Friday as a part of a congressional investigation into potential insider buying and selling on prediction market platforms. The requests escalate rising bipartisan scrutiny over whether or not merchants could also be utilizing nonpublic data to revenue on prediction market platforms. The…