Utah Sen. John Curtis wants to legally define prediction markets as gambling - Utah Public Radio
Senator Todd Young is a cosponsor of legislation prohibiting officials from trading on prediction markets with nonpublic info.
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tl;dr
Sen. John Curtis is cosponsoring the 'Prediction Markets are Gambling Act' to legally define prediction markets as gambling and ban specific betting contracts. This effort aims to close loopholes used to bypass state gambling bans like Utah's.
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