Bipartisan senators unveil bill banning sports prediction market contracts

Sens. Adam Schiff (D-Calif.) and John Curtis (R-Utah) introduced a bill Monday that would ban prediction markets from listing sports bets or casino-style games on their platforms. The Prediction Markets Are Gambling Act would block entities that are regulated by the Commodity Futures Trading Commission (CFTC), like prediction markets, from allowing wagers on sporting events…