WASHINGTON, March 24 -- Sen. Catherine Cortez Masto issued the following press release:
U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senators Adam Schiff (D-Calif.) and John Curtis (R-Utah) in supporting the Prediction Markets Are Gambling Act, bipartisan legislation to prohibit Commodity Futures Trading Commission (CFTC) registered entities like Polymarket and Kalshi from listing any prediction contracts that resemble a sports bet or casino-style game. In doing so, this legislation reinforces Congress' original intent that the Commodity Exchange Act does not permit sports gambling and removes any ambiguity in the statute.
"For the entirety of President Trump's second term, the CFTC has abdicated its responsibility to prevent ille...