Congress hits a wall on reining in sports betting, prediction markets

Lawmakers appear to have stalled out on a months-long effort to pass legislation imposing new rules on the booming business of sports gambling and prediction markets, despite bipartisan agreement the industries have gone underscrutinized by the federal government for too long. Critics in both chambers say major online sportsbooks like FanDuel and DraftKings are not doing enough to limit opportunities for corruption and game rigging, while they reap big profits from millions of Americans, a...

Lawmakers appear to have stalled out on a months-long effort to pass legislation imposing new rules on the booming business of sports gambling and prediction markets, despite bipartisan agreement the industries have gone underscrutinized by the federal government for too long. Critics in both chambers say major online sportsbooks like FanDuel and DraftKings are not doing enough to limit opportunities for corruption and game rigging, while they reap big profits from millions of Americans, a...