By The Weekly Edge desk ·
SBC Americas reported that 12 Democratic senators urged congressional committees to add a prediction-market ban to the pending CLARITY Act. Their 17 July letter targets contracts resembling sports wagers or casino games.
The request would add sports and casino prediction-contract restrictions to the proposed legislation.
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Same companies, regulators or market.
Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.