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Congressman Josh Gottheimer's facial recognition age verification bill has Kalshi's support, but critics say it contains language that could widen the CFTC's approval of gaming style contracts.
A bipartisan federal bill would require sportsbooks and prediction markets to verify bettors' ages with facial recognition scans, and critics say key details are missing.
A Paraiba appeals judge has upheld the nationwide suspension of Pixbet, Flabet and Bet da Sorte, ruling that facial biometrics alone do not stop minors from betting.
Rep. Josh Gottheimer's bipartisan Facial Recognition to Protect Children Act, backed by Kalshi, would require online sportsbooks and prediction markets to run facial age checks before every bet or trade.