WASHINGTON, July 21 -- Sen. Mark Kelly issued the following press release:
Senator Mark Kelly (D-AZ) joined SenatorMartin Heinrich (D-NM) and 10 of their Senate colleagues inurgingthe leadership of the U.S. Senate Committees on Banking, Housing, and Urban Affairsand Agriculture, Nutrition, and Forestry to rein in prediction markets offering nationwide sports and event wagering, which abuse federal commodity and derivatives rules,infringing on state regulatory powers and violating Tribal gaming rights and sovereignty.
"We write with urgencyregardingthe continued lack of proper regulation over prediction markets and the resulting circumvention of state and Tribal gaming regulatory frameworks. TheDigital Asset Market Clarity Act(CLARITY Act)...