Last week, lawmakers introduced the Facial Recognition to Protect Children Act alongside Kalshi CEO Tarek Mansour. Accusations have surfaced that the bill could allow prediction markets to expand further into sports and gaming.
Congressman Josh Gottheimer introduced the legislation, which aims to mandate prediction markets and other platforms to implement facial recognition technology for age verification. However, concerns have been raised that this could inadvertently facilitate the growth of prediction markets in the sports and gaming sectors.
Opponents argue that the bill's language is broad and could potentially enable prediction market operators like Kalshi to leverage the legislation for their benefit, expanding their presence in the gaming industry.
