FanDuel Defends VIP Program in Letter to Members of Congress
FanDuel told three members of Congress its VIP program follows the same responsible gaming rules as the rest of its platform, pushing back on lawmakers’ demand to shut it down.
Congress
House Lawmakers Introduce Bipartisan Bill to Ban Sports Prediction Markets Nationwide
Reps. Steven Horsford and Mark Amodei filed the Prediction Markets Are Gambling Act, a House bill that would bar Kalshi, Polymarket, and other CFTC-registered platforms from listing sports and casino-style event contracts.
Congress Hits a Wall on Sports Betting and Prediction Market Legislation
A bipartisan push to rein in sports betting and prediction markets has stalled in Congress, even as hearings pile up and lawsuits over CFTC jurisdiction spread state by state.
Stop Lawmakers From Predicting Act Clears House Administration Committee in 5-4 Vote, Moves to House Floor
The Stop Lawmakers From Predicting Act passed out of the House Administration Committee 5-4 on June 24, marking the first prediction market bill to advance through committee in the current congressional session.