Democratic senators urge federal agency to ban political wagering exchanges

A few US senators who identify as Democrats are urging a federal agency in charge of overseeing derivative markets to approve a proposed rule that would outlaw exchanges for political wagering.

DraftKings, FanDuel, and other regulated sportsbooks do not offer 2024 presidential odds because no state that permits legal sports betting permits oddsmakers to provide conventional betting on election results. Instead, bettors can wager against each other on online political wagering exchanges.
 
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