[Bipartisan U.S. Lawmakers Propose Ban on Sports Betting in Prediction Markets] According to The Wall Street Journal, U.S. Senator Adam Schiff and Representative John Curtis plan to introduce a bipartisan bill aimed at prohibiting all entities regulated by the Commodity Futures Trading Commission (CFTC) — including platforms like Kalshi and Polymarket operating in the U.S. — from listing prediction contracts related to sports events. Schiff stated that the CFTC is 'greenlighting and promoting the expansion' of such markets. The bill seeks to close a federal 'loophole' to prevent bypassing state-level gambling consumer protection regulations, infringing on tribal government sovereignty, and failing to contribute tax revenue to the public sector.