US gaming industry groups urge Senate to ban sports prediction markets in crypto bill: report

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US gaming industry groups urge Senate to ban sports prediction markets in crypto bill: report

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US gaming industry groups are urging the Senate to ban sports and casino-style prediction markets in a crypto market structure bill, according to Semafor. They're pushing for the ban despite the bill's focus on regulating the crypto market, not restricting its use.

US gaming groups called on Congress to ban sports and casino-style prediction markets in a crypto market structure bill, Semafor reported.