US Gaming Groups Call for Ban on Sports Prediction Markets in Crypto Bill

According to The Block, the American Gaming Association and tribal gaming groups have submitted a joint letter to the Senate, calling for a specific prohibition on sports betting and casino-linked prediction markets in the Clear Act crypto legislation. The groups argue such platforms use the guise of "federally regulated financial products" to circumvent state and tribal gaming laws. The Clear Act has passed the Senate Banking Committee and will move to a full Senate vote.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments