•1 min read•from TechCrunch
Bipartisan bill seeks to ban sports betting on Kalshi and Polymarket
Our take
A bipartisan bill has emerged to prohibit sports betting on platforms like Kalshi and Polymarket. This legislative move aims to address concerns surrounding the regulation of online betting markets. Unlike these platforms, established operators such as FanDuel and DraftKings operate under state-specific gambling laws, meaning they will remain unaffected by this proposed ban. As the landscape of sports betting continues to evolve, this bill raises important questions about the future of online wagering and the regulatory frameworks that govern it.
Since FanDuel and DraftKings are subject to state-by-state gambling laws, rather than federal law, they would not be impacted by the bill.
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