U.S. Democratic Rep. Ro Khanna is calling on Congress to ban sports prediction markets, arguing that they function as sports betting presented as financial trading. In a post on X, Khanna said the platforms flout state and tribal gambling laws, divert state tax revenue, fuel addiction and expose young Americans to public health risks while bypassing state consumer safeguards. His comments come amid broader criticism of the industry and earlier congressional efforts to impose restrictions. The SAFE Bet Act, introduced last year, sought federal regulation of online sports betting and a ban on gambling advertisements during live sporting events but did not advance beyond initial actions in March. In March, Democratic Sen. Adam Schiff and Republican Sen. John Curtis introduced legislation that would bar prediction markets from listing sports bets or casino-style games.