Nevada senators fight to protect oversight of prediction markets - The Sun Daily

U.S. Sens. Jacky Rosen and Catherine Cortez Masto, both D-Nev., have joined a group of Senate colleagues in calling on the Senate Appropriations Subcommittee on Financial Services and General Government to bar the Commodity Futures Trading Commission from using federal funds to stop states and tribal nations from regulating online prediction markets.The push, led by Sens. Richard Blumenthal, D-Conn., and Jeff Merkley, D-Ore., follows several CFTC lawsuits in recent months targeting states that have sought to regulate and impose safeguards on prediction markets such as Kalshi and Polymarket.Subscribe to The Sun Daily newsletter here: https://bit.ly/4bBFiC4