Democratic Representative Ro Khanna, who is considering a run for the presidency in 2028, criticized sports prediction markets as gambling disguised as financial transactions in a post on X on the 11th, urging Congress to ban them.
In his post, Representative Khanna argued that sports prediction markets ignore state laws and tribal gambling regulations, depriving states of tax revenue. He also claimed that they promote addiction, expose young Americans to public health risks, and circumvent state consumer protection measures...