By The Weekly Edge desk ·
PlayUSA reported, citing The Hill, that the SAFE Bet Act and a proposal banning sports prediction contracts had stalled in Congress. Lawmakers did not expect major legislation before the midterm elections.
The stalled bills leave proposed federal betting safeguards and contract restrictions unresolved.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.