Bipartisan Bill Seeks To Ban Sports Betting On Kalshi And Polymarket

A new bipartisan Senate bill wants to ban Kalshi and Polymarket from offering sports betting contracts. Here is what it means for prediction markets.
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Bipartisan Bill Seeks To Ban Sports Betting On Kalshi And Polymarket
Sports Betting Ban Targets Kalshi and Polymarket in Bombshell Bipartisan Bill A sweeping new bill introduced in the United States Senate on March 24, 2026 could shut the door on sports wagering at two of the most talked-about prediction market platforms in the country. Senators from opposite sides of the aisle are joining forces to take on Kalshi and Polymarket, arguing that these federally regulated platforms have been quietly running sports gambling operations without the oversight that state-licensed sportsbooks are required to follow. If you have been wondering whether prediction markets are legal for sports betting — the answer is now being challenged at the highest level. What the Bipartisan Bill Actually Does Senators Adam Schiff of California and John Curtis of Utah introduced the bill together, making it one of the more unusual political alliances of the year. The legislation would specifically prohibit Kalshi and Polymarket from allowing users to place money on sports events or…