The US House of Representatives had not acted on a push to restrict its staff from wagering on prediction markets, according to the report. The supplied page text provides no further details on the proposal or its status.
A restriction could affect House staff access to prediction-market betting if lawmakers take it forward.
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Tribal gaming representatives and senators are urging Congress to add restrictions on sports and casino betting through prediction markets to the Clarity Act. At a Senate Indian Affairs Committee roundtable, Indian Gaming Association Vice Chairman Tehassi Hill called for state and tribal gaming laws to govern those markets; Senator John Boozman opposed adding the provisions to the bill or Farm Bill.
A bipartisan pair of Nevada lawmakers has filed federal legislation aimed at stopping prediction markets from offering sports contracts. Representative Steven Horsford introduced HR 9856 on Wednesday, the outlet reported.
It was reported that 12 Democratic senators urged congressional committees to add a prediction-market ban to the pending CLARITY Act. Their 17 July letter targets contracts resembling sports wagers or casino games.
The Indian Gaming Association (IGA) urged US senators to amend the CLARITY Act to bar federally regulated prediction markets from offering sports or casino-style contracts and to protect existing tribal, state and federal gaming laws. The association said its representatives were meeting senators and congressional staff as lawmakers negotiate the bill.
The US Senate Banking Committee passed the Clarity Act on Thursday, sending the digital-assets bill to the full Senate for further debate. The proposal would assign additional oversight duties to the Commodity Futures Trading Commission, which regulates prediction markets, according to the report.