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AI-GENERATED Regulation·
Nevada Proposes Federal Ban on Unregulated Sports Prediction Markets
Congressmen seek to pass the Prediction Markets are Gambling Act to stop sports event contracts from bypassing state-level gambling oversight and tax laws.
AI-GENERATED Regulation·
End of Backdoor Betting: US Lawmakers Introduce Bill to Ban Prediction Markets
A new bipartisan bill in the US House aims to close federal loopholes that allow prediction markets to bypass gambling regulations, potentially saving states $1 billion in tax revenue.