US senator Ted Cruz to file bill seeking state control over sports prediction markets
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US Sen. Ted Cruz is preparing legislation that would give state and tribal governments authority over sports-related contracts offered by prediction markets. Cruz intends to file the bill after the November 3 midterm elections, as per Bloomberg Law. The measure would bar prediction market operators…
US Sen. Ted Cruz is preparing legislation that would give state and tribal governments authority over sports-related contracts offered by prediction markets. Cruz intends to file the bill after the November 3 midterm elections, as per Bloomberg Law. The measure would bar prediction market operators from offering contracts linked to gambling activities, including sports betting, without approval from...