Nevada Rep. Titus unveils prediction markets bill targeting sports loopholes oversight push

Nevada Representative Dina Titus has introduced new federal bill in a bid to strengthen oversight of sports-related prediction markets. The proposal reflects growing concern that certain platforms may be operating in regulatory gray areas.

In a recent post on X, Rep. Titus expressed concern that some prediction market operators are exploiting loopholes in federal and state law. She argues that these platforms, while structured as financial trading exchanges, can function in ways that closely resemble traditional sportsbooks.