EndGame: Senator Opposes Microbets, Media Focuses On Prediction Markets, And More
Senator Brian Schatz is proposing legislation to ban microbetting in the U.S., citing concerns over its potential for manipulation and addiction. This comes amid a growing interest in prediction markets, with a recent survey indicating that one in four Americans have participated in such betting. The proposed bill would also empower the Federal Trade Commission to tackle illegal offshore gambling.
- ▪Senator Brian Schatz is preparing to introduce legislation to outlaw much of the microbetting offered by sportsbooks.
- ▪Microbetting has faced scrutiny for its potential use in bet-rigging scandals.
- ▪A recent survey found that one in four Americans have placed a prediction market bet.
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