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Senators Schiff and Curtis Propose Ban on Sports Betting in Federal Prediction Markets
Bipartisan lawmakers aim to ban sports and casino betting contracts on CFTC platforms amid regulatory uncertainty and a sector valued near $20 billion, officials said.
- A bipartisan group of senators introduced legislation to ban sports betting and casino-style games on prediction-market platforms regulated by the CFTC, such as Kalshi and Polymarket's U.S. platform.
- Senators John Curtis and Adam Schiff stated the bill aims to address concerns about consumer protections, tribal sovereignty, and prevent unregulated gambling markets.
- Prediction markets offering sports wagers compete with traditional sportsbooks, with 89% of Kalshi's revenue coming from sports-related bets.
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Utah Sen. John Curtis helps lead push to ban sports betting contracts on prediction markets
Sen. John Curtis, R-Utah, talks to media during a press conference at the Capitol in Salt Lake City on Thursday, Feb. 19, 2026. (Photo by Spenser Heaps for Utah News Dispatch)Utah Sen. John Curtis — along with California Sen. Adam Schiff — are leading a bipartisan charge to make clear that sports prediction markets are indeed gambling and therefore subject to regulation and, in some states like Utah, banned. Curtis, a Republican, and Schiff, a …
Bipartisan Bill Targets Sports Betting on Prediction Markets
·Washington, United States
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Total News Sources60
Leaning Left8Leaning Right4Center15Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 30%
C 55%
15%
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