Law banning sports prediction markets enacted in 2026?

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    "context_description": "Trader consensus reflects a 91% implied probability against a federal law banning sports prediction markets in 2026, driven by the lack of progress on recently introduced bipartisan bills like the Prediction Markets Are Gambling Act (S.4160), sponsored by Sens. Curtis and Schiff, which remains stalled in committee since its March 23 unveiling. The CFTC's April 2 lawsuits against Arizona, Connecticut, and Illinois to affirm exclusive federal jurisdiction over prediction markets underscore regulatory protection rather than restriction, countering state gambling challenges. Amid over 10 similar proposals but congressional gridlock ahead of midterms, no hearings or floor votes have materialized, leaving enactment unlikely despite sports leagues' concerns over manipulative contracts.",
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