WASHINGTON, March 25 -- Sen. John Curtis issued the following press release:
U.S. Senator John Curtis (R-UT), joined by Senator Adam Schiff (D-CA), today appeared (https://youtu.be/o5TlzZGlGYw) on CNBC's Squawk Box to discuss the Prediction Markets Are Gambling Act, legislation they introduced (https://www.curtis.senate.gov/press-releases/curtis-schiff-introduce-bipartisan-legislation-to-ban-sports-prediction-market-contracts/) this week to prohibit Commodity Futures Trading Commission (CFTC) registered entities from listing any prediction contract that resembles a sports bet or casino-style game.
On states' rights to control gambling:
Senator Curtis: Let me say, we're not banning sports betting. We're just simply putting it in the ri...