🚨REGULATION: SPORTS BETTING TO BE BANNED ON PREDICTION MARKETS?!
Senators are reportedly planning to introduce a bill that would ban sports-related markets on federally-regulated prediction platforms like @Kalshi and @Polymarket.
It would also ban various casino-style games alongside.
The proposed bill emerges as prediction markets face growing regulatory scrutiny after a recent surge in growth and adoption.
IMO
Banning sports betting might just push it underground, making it harder to protect people. Instead, we could have rules like age checks and clear info on risks to keep things safer 🌟.