WASHINGTON, March 30 -- Sen. Adam Schiff issued the following press release:
In case you missed it, U.S. Senators Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced the Senate's first bipartisan bill (https://www.schiff.senate.gov/news/press-releases/news-sens-schiff-curtis-introduce-bipartisan-legislation-to-ban-sports-prediction-market-contracts/) seeking to regulate prediction markets by prohibiting Commodity Futures Trading Commission (CFTC) registered entities from listing prediction contracts that resemble a sports bet or casino-style game. The legislation would reinforce Congress' original intent that the Commodity Exchange Act does not permit sports gambling and removes any ambiguity in the statute.
Background:
As a mem...