Senators Move to Ban Sports Betting on Prediction Markets
Bipartisan bill targets CFTC-regulated platforms like Kalshi and Polymarket, blocking them from offering sports wagers.
A bipartisan Senate duo wants to shut down sports betting on prediction markets. Senators Adam Schiff and John Curtis have introduced legislation that would ban CFTC-regulated platforms from offering wagers on sporting events.
The bill directly targets entities like Kalshi and Polymarket — platforms that have gained traction by letting users bet on real-world outcomes under the oversight of the Commodity Futures Trading Commission.
The move draws a hard line between prediction markets and traditional sportsbooks. Prediction platforms have increasingly blurred that boundary, creeping into sports wagering territory that regulators and lawmakers see as outside their intended scope.
The bipartisan nature of the bill — pairing a Democrat with a Republican — signals genuine legislative momentum rather than political posturing. Both platforms now face a potential regulatory wall around one of their most commercially appealing verticals.