By SectorWire desk ·
The report said that Representative Josh Gottheimer introduced bipartisan legislation requiring facial recognition to verify users’ ages before online betting or event contract trading. Kalshi supports the proposal.
The proposal would add facial age verification requirements for sportsbooks and prediction market platforms.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The proposed measure would require new age-verification technology for sportsbooks and prediction markets.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.