Summary:
A bipartisan bill is aiming to prohibit sports betting on prediction market platforms Kalshi and Polymarket, while FanDuel and DraftKings will not be affected due to being regulated by state laws instead of federal regulations.
Bullet points:
– Bipartisan bill proposed to ban sports betting on Kalshi and Polymarket
– FanDuel and DraftKings exempt from the bill as they comply with state gambling laws
– Focus is on regulating prediction market platforms rather than traditional sports betting sites
Read full article: https://techcrunch.com/2026/03/23/bipartisan-bill-seeks-to-ban-sports-betting-on-kalshi-and-polymarket/