A new bill in the U.S. Senate, supported by Utah Republican Sen. John Curtis, serves as a part of a larger effort to curb gambling issues throughout the country. The bill stems from an uptick in prediction betting, a system in which people can bet on the outcomes of future events.
A survey conducted by The Siena Research Institute and St. Bonaventure University found that 27% of Americans have an active account with an online prediction market. This percentage has been slowly, but steadily, increasing over the past couple years.
The Prediction Markets are Gambling Act would prohibit organizations from allowing any prediction contracts related to sporting events, athletic competitions, and casino-style games.
Curtis is cosponsoring the bill, along with Adam Schiff of California and Catherine Cortez Masto of Nevada, both Democrats.
