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Whedon, B. (2026, November 10). Ro Khanna calls for banning sports 'prediction markets'. Just The News. https://justthenews.com/politics-policy/ro-khanna-calls-banning-sports-prediction-markets?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators
Whedon, Ben. “Ro Khanna calls for banning sports 'prediction markets'.” Just The News, 10 Nov. 2026, https://justthenews.com/politics-policy/ro-khanna-calls-banning-sports-prediction-markets?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators.
Whedon, Ben. “Ro Khanna calls for banning sports 'prediction markets'.” Just The News, November 10, 2026. https://justthenews.com/politics-policy/ro-khanna-calls-banning-sports-prediction-markets?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators.
Dated from the outlet's own feed. Check the original for its byline.
Rep. Ro Khanna, D-Calif., called for banning sports "prediction markets" on Tuesday, arguing that these online betting sites are essentially disguised forms of gambling. Sites like Kalshi and Polymarket have faced legal disputes in states where gambling is still illegal as they try to avoid being classified as such by branding themselves as financial trading platforms. Khanna warned that their growing popularity is contributing to gambling addiction among young Americans, exposing them to public health risks while bypassing state consumer protections. He urged Congress to ban these markets, which he claimed are siphoning state tax revenues and flouting tribal gambling laws, though it remains unclear if such legislation will gain traction in the next Congress.