Khanna calls on Congress to ban sports prediction markets
Summary
Rep. Ro Khanna called on Congress to ban sports prediction markets. He said they resemble sports betting, evade state and tribal gambling laws, reduce state tax revenue, and pose addiction and public-health risks, including for young people.Key Facts
- Ro Khanna is a Democratic representative from California.
- Khanna called on Congress to ban sports prediction markets on Tuesday.
- Khanna described the markets as sports betting presented as financial trading.
- He said the markets flout state gambling laws.
- He said the markets flout tribal gambling laws.
- Khanna said the markets siphon state tax revenue.
- He raised concerns about addiction and public-health risks for young people.
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