INDEPENDENT · NO HYPE · 18+ 🏛️ Top story · July 21, 2026 · 11:30 ET

Congress just put Kalshi and Polymarket's sports contracts on the chopping block

Two days after the World Cup final cleared a record $5.69B in combined Polymarket + Kalshi volume, a House Agriculture subcommittee heard the American Gaming Association and Indian Gaming Association call for an outright ban on sports event contracts. CFTC Chairman Michael Selig testified the agency already has the authority to regulate them. What's actually at stake for every price on this site.

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