Congress drafts amendment to bar sports event contracts nationwide
Congressional lawmakers have drafted an amendment to the Commodity Exchange Act that would prohibit sporting-event and casino-style contracts on registered entities, according to reports. The amendment remains a draft and has not been formally proposed. Kalshi and Polymarket are among the platforms that could be affected if it became law.
If enacted, the draft amendment could prohibit sporting-event and casino-style contracts on registered entities, affecting prediction-market platforms.