Exclusive | Lawmakers to Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets - WSJ

Lawmakers are preparing to introduce a bipartisan bill that would ban sports bets placed on prediction markets, according to the Wall Street Journal's exclusive reporting. Prediction markets—platforms where users trade contracts based on the outcomes of events, including sports—have grown in popularity and regulatory prominence as the Trump administration has signaled openness to their expansion in other domains. The proposed ban reflects concern among legislators that sports betting on these platforms could facilitate gambling-related harms or undermine existing state-regulated sports betting frameworks. The bipartisan nature of the effort suggests the issue has cross-party support, though the bill faces the typical legislative hurdles of congressional procedure. The move comes as prediction markets have gained attention from policymakers and the public, particularly following recent regulatory shifts under the current administration.