Congress Targets Prediction Market Apps
Charleston West Virginia News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bipartisan efforts in Congress are intensifying to regulate prediction market apps, with proposed bills aiming to classify them as gambling and ban sports bets. Concerns over addiction, debt, and insider trading have fueled this push, as platforms like Polymarket and Kalshi take steps to curb insider advantages. However, many lawmakers believe federal legislation is necessary for comprehensive regulation.
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