WASHINGTON, March 23 -- Sen. John Curtis issued the following press release:
U.S. Senators John Curtis (R-UT) and Adam Schiff (D-CA) introduced the Prediction Markets Are Gambling Act, bipartisan legislation (https://www.curtis.senate.gov/wp-content/uploads/2026/03/Prediction-Markets-Are-Gambling-Act.pdf) to prohibit Commodity Futures Trading Commission (CFTC) registered entities from listing any prediction contract that resembles a sports bet or casino-style game.
"Too many young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not under federal regulators," said Senator Curtis. "Our bipartisan legislation clarifies regulatory jurisdiction, ensuring that st...