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Report: Federal Lawmakers Move to Close Prediction Market Betting Loopholes

Congress is stepping into the fast-growing prediction market arena, aiming to draw a hard line between financial contracts and what lawmakers say looks a lot like gambling. Prediction Markets Under Fire as Senate Eyes Sp...

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Report: Federal Lawmakers Move to Close Prediction Market Betting Loopholes
Congress is stepping into the fast-growing prediction market arena, aiming to draw a hard line between financial contracts and what lawmakers say looks a lot like gambling. Prediction Markets Under Fire as Senate Eyes Sports Betting Ban According to reporting from the Wall Street Journal and Sports Business Journal, U.S. Senators Adam Schiff, D-Calif., and […]

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This maps to the Regulation hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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