Summary:
A bipartisan bill intends to prohibit sports betting on prediction markets like Kalshi and Polymarket, focusing on federal regulation. This move would not affect platforms like FanDuel and DraftKings that adhere to state gambling laws.
Bullet points:
– Bipartisan bill aims to ban sports betting on prediction markets such as Kalshi and Polymarket
– Federal focus in the bill, with platforms like FanDuel and DraftKings remaining under state gambling laws
– Signifies a move towards stricter regulation in sports betting across different platforms