March 23, 2026

A bipartisan pair of U.S. senators introduced legislation Monday to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket’s U.S. platform, from listing contracts related to sporting events.

A bipartisan Senate bill introduced by Sens. Adam Schiff and John Curtis aims to ban Commodity Futures Trading Commission-regulated platforms like Kalshi and Polymarket from offering sports betting and casino-style gaming contracts, citing concerns over state consumer protections, tribal sovereignty, and the inappropriate federal oversight of addictive gambling products that should be controlled by states.

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